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.
Thursday, May 11, 2006
Just a side note...Crosstex (XTXI) is down with the overall market with no specific news on low volume. Breakout on the chart is still good imho. This is one of those pullbacks that is hard and painfull to pull the trigger...usually the best time to fire. Overall tape is having impact here which makes it a little tough. But if we get a last hour market rally to cut the losses...we could see a nice bounce in here. There is very little stock for sale between 82.50 & 85 so it would not take much volume for it to rally back.
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