What's up behind the curtain that has so many dumping and driving the PPS so low?
I want to buy more but can't see the bottom so a little skeptical to buy even at this price?????????
It's hard to say. I thought I saw an insider trade for multi-millions as of recently. These things just happen though. Unless your on the inside, it's hard to know exactly what forces drive trends. however, it seems to me that gas and oil pipelines aren't a business that subject to major swings... But again - who knows.
The only thing that makes sense is this is linked to commodities in general. A couple other pipeline companies that own are drifting down also - with the only one doing well is SEP. I like the pipeline companies as a major part of my retirement.
The same reason all high yielding companies are falling. The older generation is dying and their kids are liquidating their inheritances. This older generation enjoyed many years of high yielding stable income that afforded them to live out their years in comfort. The new generation could care less about dividends. They're buying gold/silver which gives $0 in dividends or any new tech stock in hopes for a quick buck. It's a trend that will continue into the foreseeable future. Having said that, I'm buying at these levels since I'm young enough where compounding interest plays a major role in my investing decisions.
It is called algorithms programed super computers. You feed shorts into the computer and it ratchets the bid price down by hammering on the bid price. It covers as selling or shorting continues and then hammers the bid again. As long as there are no significant buyers the computer can do this over and over again dropping the price. Watch the price action on the charts. JMHO
Sentiment: Strong Buy