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Friday, November 03, 2006

Considering we have a 12 basis point rise on the 10 year...MLPS are doing well and reacting to the rally in energy. The index is at 269.49 up 1.20 ish...and we have lots of fractional gains on the board. Crosstex LP(XTEX) is the biggest winner today up 1.01. Just a few losers including Copano which announced they will be selling shares from time to time. Stock was down 1 and change but now is well off its lows.




Note the Crosstex Energy weekly chart has broken out of a long base here. Looking to challenge its all time high in the 42 range. Meanwhile Atlas Holdings(AHD) continues to languish...no idea why since Atlas Pipeline Partners (APL)is at new all time highs. A buying opportunity like Valero Holdings (VEH)was?

2 comments:

Anonymous said...

You might be right on AHD, but there is obviously an agressive seller right now so I am going to wait for the chart to turn ... much rather buy into strength in the less liquid GPs.

joewxman said...

i can't understand why its lagging so badly. I'm in around 22 or so...

Meanwhile the trading the last two weeks has been almost too easy. Crosstex LP broke out today and closed at its high. Valero LP has been on an absolute tear. Its one of those good time phases!