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Thursday, June 15, 2006

Well the rally ran its logical course of 200 or so points on the dow. Now the trick is to see how much selling comes into it. Meanwhile the MLP index is actually down 0.44 but most MLPS are nicely higher so I can't understand that one. The ones that are down are not the big cap MLPS if this is a cap weighted index. Crosstex (XTXI) is up 4 1/4 and a slew of fractional plusses in Energy Transfer, Crosstex LP, Sunoco Logistics and a few others. Calumet LP is down 1 and change responding to its 4 million share offering.

3 comments:

PRINTEAM BLOG said...

Joe,
Great call on XTIX. Nailed it right on the head!
Carlos

PRINTEAM BLOG said...

Should have said XTXI.

joewxman said...

btw i got in at 83.45...i'm going to sell out at the open tomorrow if i can get over 90.