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Tuesday, August 16, 2005

Lets see if it gets downright ugly in the last hour. HEP & ATLS are above water today. ATLS on an insider buy sent the stock up around lunch time and its been holding there. HEP is a little higher. Otherwise the group is getting sold and some issues are down hard like VLI, PPX and XTXI which is down 3+. Energy stock sell-off probably impacting the group in spite of a firm 10 year bond (lower yield).

Certainly some of these are getting close to buy points if you wanted to add at cheaper prices. MMP and ETP for example are 10% off their 52 week highs. That doesn't mean they can't get cheaper.

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