Solid close today in most MLPS...The AMZ MLP index was up 1 to 249.11. Weekly dow chart above still looks to have the uptrend intact.
After the close news with Teppco as they announce a 5 million share offering...the stock was down 50 cents today and will be down more tomorrow on the dilution. No other breaking headlines.
joseph cioffi's Source Page - Associated Content
2 comments:
Saw your message in the TPP board...I'd left one there earlier. They can actually sell as many as 5,750,000 shares according to the news release. That amounts to a 8.2% dilution so tomorrow the stock should be trading around 34 and some change. Good thing we bailed a while back!
10-4..if they ain't growing the distribution...i rather be elsewhere!
btw...watching Crosstex (both of them)carefully for a short covering spike....probably on Friday.
Joe
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