EARNINGS AND DISTRIBUTION

ANNOUNCEMENTS ON THE MENU!

Over the next 2 weeks or so we will be getting our stream of earnings and payout boosts.We continue on our winning streak which is at 7. We are also have broken out on the daily chart out of that trading range so i guess the next logical place to head to will be the old high at 342.

I guess because of the magnitude of the decline in August has me nervous about this but i am trying to keep the emotion out of it and keeping focus on an improving chart pattern.

Meanwhile notice the Teppco (TPP) chart which has pretty much mirrored the MLP index in the last 2 months. It has not broken above its trading range but the distribution announcement on Friday might goose this one today. The question for Teppco is whether this boost is something holders might be getting in future quarters or was this the occasional one quarter wonder that Teppco is known for.

Three weeks ago Goldman Sachs downgraded Buckeye Holdings to hold from buy when the stock was sitting around 30 bucks. Now at 29 Goldman is upgrading the stock to buy from a hold. Now when they downgraded the stock it had already been down from 39. So now a whole dollar later they are telling us to buy? This may sound silly but did they downgrade the stock before the end of the last quarter in order to upgrade it near the beginning of the new one?

Other than the upgrade there isn't much going on this morning. Crude oil is peeking above 85 bucks this morning and natural gas is up 20 cents and over 7 bucks. Weather patterns are changing over the US and there might be some colder weather lurking down the road toward the end of the month and for the beginning of November.