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Wednesday, June 04, 2008


Sorry for not posting today. Had my hands full.


We closed down 2 1/2 pts on the MLP index as we head back toward 290. Big energy on the XOI sold of pretty hard...over 3 % there. Nat gas stocks held up a little better. I'm not sure whether there was any Lehman issues going on but based on the issues where Lehman is involved i saw no unusual activity.


Starting to get interested in Nustar(NS) as the stock comes back down to its prior lows. Looks like a triple bottom forming in here (chart above). Will watch carefully. Nustar down another 85 cents today. Nustar Holdings (NSH) showing similar action.
Natural Resource (NRP) and Buckeye (BPL) were both down 1 and change while Holly Partners (HEP) closed down over 2 as the biggest loser. Nothing outstanding on the winners list.

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