Teppco has been driving me crazy of late. It has underperformed ever since it came in under estimates last July. Now it could be with the end of quarter that this one's being blown out of a few portfolios and the daily chart is pretty sad looking especially compared with other MLPS.
But below is the weekly chart which has a much healthier appearence. So perhaps this one may be one to look at for a nice move to the mid 40s...but i think patience is required
joseph cioffi's Source Page - Associated Content
2 comments:
Smith Barney has a $43 price target on it. It is frustrating to see it just kind of hang out here not doing much...except paying that $2.70 dist.
What's your take on the sector's upcoming numbers? I would think the general message will be "strong until Katrina" and "strong now, post-Katrina, but these #'s and next q's will be a bit soft".
my guess is this will all be in the wash by the time numbers come out. In fact this could be a sell the rumour buy the news set-up since the group has been under selling pressure since late july. So unless there was some huge hidden surprise...we could see some upside,
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