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Tuesday, May 30, 2006

Most MLPS finished higher on a day where the market took gas...we on the other hand finished well. Most MLPS were up nicely and finished off the days highs but not by too much. Some sold off late...and a few that were down worked back to the flat line. The question for me is tomorrow. If the market keeps selling off we could see selling spread into our group. But at least for now relative strength wise we're at the front of the line and thats a good place to be when shares are being dumped.

After market news on INERGY (NRGY) as we have an insider buy on the open market.

BTW here is my shopping list in this sell-off

Valero LP...nice insider buying
Oneok LP....decent chart pattern and holding up well
Martin Midstream Partners (MMLP) Insider buying
Crosstex LP (XTEX)...oversold and should rally
Crosstex (XTXI)..will buy if and only if it pulls back to the low 80s which is where the 34 day moving average is. My guess is this will happen only if we see a panic of some kind but i am laying a buy order down at that level.
Energy Transfer Partners...same logic as Crosstex...around or under 42.

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