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Wednesday, November 07, 2007

All the attention is on oil. I bought some USO November 70 puts at 50 cents...just a casino speculation on my part. Meanwhile the MLP index is fractionally lower while the market heads toward the lows of the day at minus 160 on the dow. Both Nustars (NS,NSH) are up over a point. So are both Markwest's (MWE,MWP). Nustar chairman was on CNBC this morning. I missed the interview. Check out their website. I could not find it. And it always seems to me anytime i want to access the website i can't get in.

Calumet (CLMT) and Hiland (HLND) along with Sunoco Logistics (SXL) lead the losers list down 1 point or more each.

Linn Energy(LINE) is up 40 cents right now and has had runs back to near 29 a couple of times so far today. Looks like some short covering beginning here.

Down 200 and under 13,500 again...i am wondering whether we may see a breakdown late in the day.

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