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Monday, December 29, 2008


Barrons over the weekend profiled Linn Energy (LINE) with a nice positive spin saying the shares could double. More info from my weekend post along with comments by the gallery. Stock chart shows a trip from 30 to 12 and that's one of the better mlp performers of 2008! How sad is that!

We're coming to the end of this horrific year and the last few days of 2008 will probably see all kinds of distortions for one reason or another. Case in point is the crude market which is up 3 dollars this morning on Middle East geo political concerns. However note that out month crude futures are selling for much higher prices which means that people are essentially paying for storage. When you can sell an out month in the futures at a higher price its bearish for oil so for the time being i would not read much into this 3 dollar bounce.

Not much else happening this morning on the corporate front and nothing on the upgrade downgrade list so far. The mlp index had a decent day Friday with a 3 point rise and very few issues actually went down so we could be seeing the beginnings of a year end/January bounce. Some of these mlps that are priced like call options might double in price fairly quickly if we have a favorable overall market enviornment so some fast money could be made here. Stock futures are a little higher this morning after being lower most of the night.

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