MORE INSIDER BUYING ACTION AS

MLPS LOOK FOR DIRECTION

Monday morning and we being a new week with the overall markets softer on the futures side. In the energy markets oil is flat but natural gas continues to collapse and is nearing the 5 dollar mark this morning. Looks like that market is in free fall and the tropics are dead as a doornail so there is no pending hurricane disruption of supply. And therefore there is no reason the hold em. I'm going to wait to see if the price breaks 5 dollars and if we get a 4 handle i might be tempted to go long UNG (nat gas etf) for a trade. But i will watch carefully.

Meanwhile the insider buying binge continues as open market purchases by the big boys and girls scoop up all the cheaper shares thrown out in the hedge fund bust of August 6th. Add Genesis LP(GEL) to the list along with Dan Duncan at Duncan Partners (DEP) continuing to add to shares. Nustar Holdings (NSH) saw some purchases at higher prices from here. All of this a sign of confidence going into the fall and winter.

This is an early post and i will be updating as the morning goes on. I will post headlines and any upgrades or downgrades as they break.