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Monday, June 26, 2006


Solid close today in most MLPS...The AMZ MLP index was up 1 to 249.11. Weekly dow chart above still looks to have the uptrend intact.

After the close news with Teppco as they announce a 5 million share offering...the stock was down 50 cents today and will be down more tomorrow on the dilution. No other breaking headlines.

2 comments:

PRINTEAM BLOG said...

Saw your message in the TPP board...I'd left one there earlier. They can actually sell as many as 5,750,000 shares according to the news release. That amounts to a 8.2% dilution so tomorrow the stock should be trading around 34 and some change. Good thing we bailed a while back!

joewxman said...

10-4..if they ain't growing the distribution...i rather be elsewhere!

btw...watching Crosstex (both of them)carefully for a short covering spike....probably on Friday.

Joe