Plains All American (PAA) came out with earnings and its outlook late yesteday and the stock is rolling higher up 1 and change. This is holding up the MLP index which was down more than a point earlier but has pulled back to even and over the 330 level. More losers than gainers as some stocks are using the excuse of earnings and /or ex-distributions to sell off like Holly Partners (HEP) Williams Partners (WPZ) which are both down over 1 point and Penn Virginia (PVR/PVG) which are down strong fractions. Magellan (MMP) is down 66 cents as of this posting but off the lows on the Lehman downgrade.

Not sure what to make of the trading so far...MLPS sure trying hard to hold on.