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Thursday, June 08, 2006

Blogger was down all afternoon again so i could not post. Well we had a nice rally back to even and while most MLPS closed lower they finished off their lows and some turned higher by days end. Usually in selling climaxes like these MLPs being the last group to sell off; it can take a day or two for some to recover. Crosstex LP (XTEX) and Buckeye (BPL) for instance should play catch up tomorrow. In day trades I caught the lows in Exxon and Energy Transfer Partners and made nice trades there. Copano was my big winner today as the stock jumped 1 point within minutes after buying it. So it wound up being a pretty good day for me.

Should see some followthrough tomorrow. I went long for short term swing trades in Crosstex LP, Regency Partners, Valero LP and Oneok LP.

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