Thursday, August 21, 2008
In my work the mlp index hit some intraday resistence at the 34 day moving average as shown above. Nothing tragic here but an intraday pullback has occured. Still we are up about 1 point. Not many losers today which is good so the strength is playing even in some but not all of the second tier players.
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Someone put a hold rating on APL and questioned their hedging strategy. Does anyone have access to the report? I think it was on Bloomberg.
Looks like the NGLS seller finally went away. Maybe his boss fired him for being an imbecile.
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