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Wednesday, October 03, 2007

The selling continues at a slow drip pace on the index but yesterday's 2 biggest losers DCP Midstream (DPM) and Constellation (CEP) are today's biggest losers down nearly 2 on both. Both stocks are way off their highs up around 50 and both have taken out their August lows. EV Partners (EVEP) is holding above its August lows and down 1 and change. Holly Partners (HEP) is above its August lows and is actually up on the day.

Enjoy the comments and please by all means express your feelings. I agree with the poster that we are fine long term...we have this short term mess to get through. Selling is definitely forced and btw it won't belong before we have distribution increases coming for this quarter. Insiders in a number of these MLPS have appeared out of the woodwork to make open market purchases. Would they be doing this with their own money if they thought business conditions were going to be bad?

Page views on the blog continue to spike and this happened last time as we bottommed. Also most of the selling yesterday took place in the morning and MLPS went sideways with an upward bias yestereday afternoon. 291.39 is the intraday low so far and we are just a few ticks above that as of this posting.

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