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Plum Creek Timber Co. Inc. Message Board

  • cliffmaster87 cliffmaster87 Jan 7, 2014 10:35 AM Flag

    Technical Analysis

    Looking pretty nasty technically.... 45 looking to be strong resistance, combined with issuance of millions of shares at that price

    Sentiment: Hold

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    • The chart on PCL looks terrible, but take a look at EPD. I've been out of PCL since $50, but I've been accumulating EPD for the 4% yield, growing payout, strong growth prospects and one of the prettiest charts I've seen in ages. They've increased the payout every quarter for 39 straight quarters. This represents a 6% YOY increase. The latest declared payout is $0.71. (If you use a DRIP, you can get a 5% discount.) However, the jury is still out on PCL. A lot will depend on their next earnings statement. I still don't trust them after the surprise bombshell they dropped with the secondary. PCL has not come anywhere near where it was immediately before the announcement, but EPD is just a few cents below its all-time high despite the recent market sell-off. Do a chart comparison of PCL vs. EPD; it's a real eye-opener.

    • By the way, whenever I try and post links now, my posts are deleted. The website I use for technical analysis can be found if you google search this "wind chart ezone" enter the symbol and look at the 6 month analysis. They run multiple Fibonacci projections amongst other things.

      P.S. Bank of America finally taking off!! (better early than late right!)