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Thursday, August 07, 2008

This is the 3rd Thursday in a row where we've had a 200 pt decline. In the past this is followed by a mediocre Friday...not much in either direction...a down Monday and a big rally on Tuesday. Seems we could be setting up for this again.

Wachovia cut Constellation Partners (CEP) to a hold at 12:30pm...Lehman reiterates outperform on Exterran Partners (EXLP).

2 comments:

Anonymous said...

Common Sense 101:

Just because a company tells you it will keep its distribution doesn't mean that's going to happen.

joewxman said...

they've already recommended it to the board. Stock was up before wachovia and the rest of the market took gas. Its not fact until its declared but this is what we have to work with for now.