Hummm, big shares are dumped today after 1pm with large volume. Funny how this puppy moves. Seems it goes up for several months with power, hits rough patches shaking out weak hands, then nosedives for 13% to 15% to destroy the last of them, only to resume its power-up moves. Mr. Anderson, Director purchased 5,000 shares in the open market on Feb.24th to the tune of $303,800 wonder why?
Yea, the chart looks terrible since its last high in the beginning of March but I remind myself that in order for shares to advance they need to retreat first. So, in times like these, I pull up the 5 year chart of SXL with weekly time frames, kick back and open a cold one.
I for one do not understand the logic of such a sttep decline. Hit an all time high of $68.44 then fall 13%, "Ouch!" Still dropped yesterday even with a increase in distr. Maybe its tiem to buy but my charts tell me to hold.