PUTTING HUMPTY DUMPTY TOGETHER AGAIN!

News item this morning that should get some pulses racing. It was just a few short years ago when IPO's of GPS were all the rage. Well now we have the second case of the MLP buying the GP. Magellan(MMP) did it first a few months back and now we have Buckeye Partners (BPL) using its relatively rich currency to buy Buckeye Holdings (BGH) at a nice premium to yesterday's close. Holders of Buckeye Holdings (BGH) will get .7 shares of Buckeye Partners (BPL) which works out to a little over 40 bucks based on yesterday's BPL close of 58! Remember back during the meltdown there was a 17 dollar offer on the table from some outside holders that fell apart? Looking back...that was a good thing! BGH is bid 35.50 ask 40 after closing at 31.18.

We had a nice gain yesterday of 4 plus points which was a little less than than the overall markets move of over 2 percent. Sometimes at the beginnings of rallies we move a little less on the first breakout day and play catch up over the next few. Assuming its not a one day bounce 300 is in sight again. Markets are a little softer ahead of the open. Dollar is down this morning, gold is up, and energy is up. No upgrades or downgrades so far this morning.