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Wednesday, January 30, 2008

Going into the fed meeting MLPS are up on the day with the index up 1 and some change thanks to the upgrades of Kinder Morgan Partners (KMP) and Nustar (NS) both up nearly 1 point each. That brings the index closer to the moving average resistence from 295-298



Still its better than a down day...which after the fed moves...who knows. Atlas Holdings (AHD)and Nustar Holdings (NSH) both fractional winners on their upgrades and Hiland(HLND) is up 1 and some change and whopping volume of 200 shares. Try not to get in anyones way!

Elsewhere we we fractional moves in either direction. I've noticed Atlas Pipeline (APL) sells down by 1 point or more intra day and then rallies to an up close by days end. Somebody is moving stock around for sure. The flavor of the tape continues to feel more positive..sell offs in shares are met with buyers in the afternoon.

But now stand by as the fed does its thing.

2 comments:

Anonymous said...

APL is a real dog. Yields 8.50% and nobody wants it. What is wrong with this thing?

Anonymous said...

Kinder Morgan [KMR/KMP} paid the distribution by giving additional shs to eligible sh holders. Some brokers, Neuberger Berman and Lehman for example, grossly errored to the upside on the number of new shs and this mornings opening balances were way overstated to the upside. To be corrected over night, I am told.