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Thursday, June 19, 2008

ANOTHER CRAMER GOOSE
ATLAS PRICES OFFERING.




Legacy Reserves (LGCY) got a bit of a boost last night on Mad Money in the email segment which accounts for the 1.23 gain in that one in after hours yesterday. Nice to see someone is at least looking. Also this morning we have Atlas Pipeline Partners (APL) priceing its offering at 37.52. Stock is a little higher than that in the pre-market. At a 10% yield, the guidance boost, and the offering done , the downside here is probably limited. I picked up some additional shares in the pre market even as it sits with an ugly chart and a 52 week low. Just letting you guys know what i'm doing.

Not much else happening this morning. Stock futures are firming this morning and we may be going into options expiration/fed meeting next week with an excuse to rally. Oil is down a little this morning and nat gas continue to rally with a 13 handle. Dollar is stronger this morning which is a good thing. Nothing on the upgrade downgrade list so far this morning.

Headlines as they cross before the open.

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