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Thursday, September 07, 2006

Noticed while watching the tape this afternoon that they finally got around to selling a few of the recent better performers. Regency Partners (RGNC) ran to 25 this morning up 1.23 before selling off to basically flat on the day. And Crosstex LP dropped at the same time to 35.50 down 1. Both stocks sold off together which i thought was odd...perhaps somebody liquidating both positions at the same time? Used the opportunity to pick up RGNC for a trade...I am still long XTEX at higher prices but i've bought and sold it so many times recently i can hold it without sweating.

AMZ MLP index was down 2 points but has come off its lows slightly as energy stocks have stabilized somewhat...XOI was -11 earlier but was back to even as of 2pm.

1 comment:

Anonymous said...

Bring on the ETP div! I will try to buy more XTEX at 35.51 today I think ... also asking Schwab to reduce my margin rates! They are criminals.