There is a correspondence between the
boundary of the main hyperbolic component $W_0$ of the Mandelbrot
set $M$ and $M \cap \mathbb R$ . It is induced by the map
$T(\theta)=1/2+\theta/4$ defined
on the set of external arguments of $W_0$.
If $c$ is a point of the boundary of $W_0$ with internal argument
$\gamma$ and external argument $\theta$ then $T(\theta)$ is an
external argument of the real parameter $c'\in M.$ We give a
characterization, for the parameter $c'$ corresponding to $\gamma$
rational, in terms of the Hubbard trees. If $\gamma$ is
irrational, we prove that $P_{c'}$ does not satisfy the $CE$
condition. We obtain an asymmetrical diophantine condition
implying the existence of an absolutely
continuous invariant measure (a.c.i.m.) for $P_{c'}$.
We also show
an arithmetic condition on $\gamma$ preventing the existence of
an a.c.i.m.