BOARDWALK PARTNERS DOES A BIG STOCK OFFERING

WHERE ARE LINN'S EARNINGS?

FED DAY, AND MLPS HEADED HIGHER?

This morning we have active pre-market trading in Boardwalk Partners which is doing a large stock offering of over 7 million shares. Boardwalk traded at 39.50 yesterday before the sell off began and closed at 37.50 so somebody got wind of it. Trading about 1 dollar below that this morning in the pre-market. Stock offerings depress the stock short term but in the long haul they have been great places to pick up additional shares of a good company at an on sale price.

Meanwhile Linn Energy (LINE) was supposed to come out with earnings yesterday and we have heard nothing. Now i did notice that the conference call for earnings is scheduled for March 29th so perhaps the date listed by all the news sources of 3/19 was incorrect. I'll check around and see what i can find out.

Meanwhile the chart looks like a coiled spring ready to blow higher. 33-34 is the range and support lies just below in the 32-33 range. It might be time to go shopping here again imho of course.

Another all time high with a 1.49 gain in the MLP index and focus is on the fed today so i thinkwe'll just plod along as we have been lately until 2:15pm and then we'll get it out of the way. Meanwhile this is really worthwhile as i posted it last night. Its a panel discussion on MLPS that took place at the MLP Investor Conference 2 weeks ago. Find some time to listen to it. It is most informative and very bullish long term. Also you can listen to the individual company presentations.

Crude is higher this morning and stock futures are playing either side of unchanged at this time. The open approaches.