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Wednesday, December 07, 2005

As the market sold off this afternoon MLPS did seem to catch a bit of a bid and there is a firmer undertone as money moves around. I still contend that selling seems to be drying up in here and that we may have seen the lows in most of these....would like to see the 34 day moving averages move up and cross back above the 200 but that will require some work.

5 comments:

PRINTEAM BLOG said...

Joe,
I saw this from one of the usual TPP posters:
S&P upgrades to Buy today
by: coalhandluke2
Long-Term Sentiment: Buy 12/07/05 02:10 pm
Msg: 1274 of 1274
Citing valuation -- still have a $43 price target.
have you seen it? The latest S&P info on HarrisDirect is dated 12/3/05.
Carlos

joewxman said...

i saw nothing on dow jones but sometimes they miss stuff. At least it was good for a few pennies of upside.

btw if you have'r read it...go to the raymond james link i added and then go to the mlp link. 9 pages on the MLPS they follow and why the group has been selling off. Good read imho. And they are big fans of Crosstex!

Anonymous said...

joexwman --

I like the coal mlps (e.g., PVR). Do you have any thoughts on this group? Thanks.

TJ

Anonymous said...

How do you view asp files? I'd love to read the research but can't open the files on the Raymond James page.

joewxman said...

the raymond james page

http://www.raymondjamesecm.com/industry_1300_main.asp?indid=71

click where it says mlp monthly review...its a pdf file