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Monday, June 26, 2006

Markwest leads the way higher among MLPS today as the overhang of the offering is now priced in. Stock up 80 cents as the offering is absorbed. The group is mixed overall with most moves fractional in nature.

Magellan Holdings is the biggest loser as it drops to near 20 again. Fractional losers include Buckeye Partners, Plains All American and Sunoco Logistics.

There are some end of quarter distortions going on and as we get close to friday i will post a list of stocks i think might see some end of quarter buying but these are for quick trades and you will probably need to be out by the close of trading at 4pm. More on this as we get closer.

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