ARE WE FORMING A BASE?
I brought this up yesterday.
274 would be the top of the channel if we are indeed basing and 260 ish looks like the bottom...that is if we are basing. All these things are known in hindsight of course.
Read this post in the comments section. Puts things in perspective a bit about whats going on.
Hiland Partners (HLND) is kept at sector perform by RBC Captial markets but they raise their target price from 66 to 67. Odd in this enviornment. Crude and nat gas are up. No other corporate developements.
joseph cioffi's Source Page - Associated Content
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WPZ seems to be the latest MLP to come under attack. Only -40% since November. Trading well over 10% on next year's forecasted distro. Massive GP with infinite drop down possibilities. Hated by the marketplace...
Everyday there seems to be an MLP or two which just see an inordinate amount of overselling.
STOP THE PRESSES: CRUDE AND NATURAL GAS ARE ACTUALLY UP TODAY!!!
KSP is making a similar move to WPZ on the ugly chart. Only an 11.2% yield here, which was recently hiked. Can't imagine where it would trade if they didn't raise it.
ugly charts all around...10%, 11%, 12% yields or more and still we languish...
WPZ traded over 1 million shares...
Someone has an axe to grind.
not bad today...a start anyway.
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