Over 1 million shares of Legacy (LGCY) Partners have traded and the stock seems to be finally coming off the selling pressure its been under. Volume says to me that somebody was unwinding this one from a hedge fund or something similar.
Last hour...looking for another short covering burst after 3:30pm. But i rule nothing out.
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About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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1 comment:
Thought you might want to read this on LGCY.
LGCY - LEGACY RESERVES LP - UNITS REPRESENTING LIMITED PARTNER INTERES Trade
Last Trade: 19.1900 [+] (Delayed Quote) 08/17/2007 04:00pm
Change: -0.0100 -0.05%
Volume: 1,188,147
Today's Market 08/17/2007 5:17:03pm
Last Change
DJIA 13,079.08 +233.30
NASDAQ 2,505.03 +53.96
S&P 500 1,445.94 +34.67
Russell 3000 835.18 +19.75
Snapshot Quote/Chart News Analyst Opinions Fundamentals Tech. Analysis
News|Significant News|Conference CallsForm 144: Filing to Sell 205880 Shares of LEGACY RESERVES UNT (LGCY)
6:43 p.m. 08/17/2007 Provided by
Aug 17, 2007 (Vickers Stock Research via COMTEX) -- Document Processing Date: August 17, 2007
Filer: PASSPORT GLOBAL MASTER FUND Relation:
Stock Name: LEGACY RESERVES UNT Stock CUSIP: 524707304
Stock Symbol: LGCY Exchange: NASDAQ
Transaction date: August 07, 2007 Shares for sale: 205880 Value held: $4582888
Broker: FRIEDMAN BILLINGS RAMSEY
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