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Friday, August 11, 2006

Good Friday morning!

At least its calmer this morning then it was yesteday so we kick things off with flat futures and a higher 10 year yield of 4.95%. Crude is higher this morning along with nat gas and gasoline. No corporate releases so far but we do have coverage reiterations as RBC Capital Markets raises its target on Global Partners (GLP) and on Markwest Energy (MWE). The Global Partners increase comes on the heels of yesterday's good earnings.

Note yesterday my advice on Crosstex Energy (XTXI). I just missed having my buy order filled in the low 88's and of course the stock did a six point turnaround and finished up 4 to 94 on the day. I did nail some Crosstex LP (XTEX) near the lows at 35.40 before the 1 point rebound in the afternoon. Hopefully more upside today. I am still waiting for Copano(CPNO) to respond to its great earnings with a solid run on volume to the mid 50S.

30 minutes to the open!!!

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