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Tuesday, August 19, 2008

This news item on Eagle Rock Energy Partners (EROC) crossed last night and while the story in and of itself may not look important...it might be viewed as important considering the tightness of the credit markets. Stock is bid up in the pre market.

Crude oil continues to straddle just above its 200 day moving average so i expect a trendline rally of some sort to develope there...maybe enough to give energy stocks a tail wind after the open...imho of course.

4 comments:

Anonymous said...

Disaster du jour: AHD

Anonymous said...

NGLS gatting hammered. Another 10%er. I guess the insiders get to suffer the same fate as the rest of us.

Anonymous said...

The selling in these names just never seems to abate...

Anonymous said...

Somebody wants out of NGLS today. Over 1mil shares traded. Large volume for that name.