a blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS and the day to day news related to the group...along with perhaps a few other things...as long as the conversation is kept civil. Although i have no problem telling you what i am doing regarding my trades...PLEASE DON'T ASK ME WHAT YOU SHOULD DO REGARDING WHETHER TO BUY, SELL OR SHORT!!! i am not in the stock business.
Wednesday, September 07, 2005
Most mlps are softer this morning. PPX is down 1.25 on the dilution of new units...otherwise its fractional losses. No other corporate news so far.
Not sure that its anything more than a correction from the run to 46. XTXI continues to hover just under its 52 week high. it may be that today with the pressure from crude down (but off its low) and the ten year rate at 4.13 (but off its high...somebody decided to move some money around. On the chart we're in a place where we should bottom (39-40). I picked up some shares today between 40-40.50.
Joe,
ReplyDeleteWhat d'you think is happening with XTEX?
Carlos
Not sure that its anything more than a correction from the run to 46. XTXI continues to hover just under its 52 week high. it may be that today with the pressure from crude down (but off its low) and the ten year rate at 4.13 (but off its high...somebody decided to move some money around. On the chart we're in a place where we should bottom (39-40). I picked up some shares today between 40-40.50.
ReplyDeletei don't think this oil rally is done yet imho.