Thursday, June 29, 2006
MLPS are slightly higher on the whole as we continue to see end of quarter pre-fed gyrations. No important corporate developements this afternoon so we wait for the fed decision which is coming shortly.
I have been hinting at a possible end of quarter price spike that may occur and i have posted 2 stocks that might be eligible. Holly Partners(HEP) which has not done much in the last 3 months has last day of quarter spikes in the last 3 quarters. And the move has been 2 points or so. Markwest Energy (MWE)is another which while in this agonizing downtrend has had end of quarter spikes of several points. The trick is to sell shares by days end tomorrow and not hold on until Monday unless you are brave. I also think Valero LP(VLI) and Atlas Pipeline Partners (APL)could see moves. This again is for nimble traders among you.
Meanwhile we are now 4 days into a 3 million share offering of Markwest Energy LP (MWE). They must be pricing it one share at a time!
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