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Friday, August 17, 2007

Actually the more i look at the action here the more i'm convinced that some hedge fund is using todays MLP strength at the open to unwind positions. Dow rally picking up some stream again up 181 should help. I think once the unwinding is done MLPS could firm up during the afternoon. Thats not to say that there aren't winners today; there are some nice moves in a bunch of MLPS but the index should be up more that 2.50 on a day like today.

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