How does KMR plunge so much in such a short time?
Could not stop myself from buying some more. Already own too much in my taxable account at a price way too low to ever sell. But my ROTH IRA had cash to invest, so I quickly put an order in to buy at $74.90 and Mr. Market was dumping KMR so fast that I got a fill for a small order of 100 shares. I like increasing my future stream of dividend income.
I have owned this stock since 2004 and this is the biggest drop without the whole market dropping I can remember. There is nothing happening at Kinder Morgan to account for this. Now is the time to buy IMHO.
The markets all fell on Wed and Thurs ("the biggest drop without the whole market dropping" makes NO SENSE)- I see your post is from Fri (Jun21) Yes kmp is probably a very good investment at current 80 price.
Same thing with KMP. Since this is crazy witching, maybe funds were dumping it or something going on with options. Luckily I did not notice and by now they have recovered to some extent. After the cratering KMP received steady buying support, so I hope we flushed out the crazy hot money.