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Kinder Morgan Energy Partners, Message Board

NORCROSS2 3 posts  |  Last Activity: Mar 31, 2015 5:08 PM Member since: May 8, 2012
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    by bdj_888 Feb 26, 2015 10:20 AM
    norcross2 norcross2 Mar 31, 2015 5:08 PM Flag

    The shares are certainly too thinly traded here in the USA. This results in the bid-ask spread being too wide. Like the above poster says, the offer to sell shares (the ask price) is pushed up all the time giving the illusion of upward buying pressure. This is a false illusion as is seen by the very low offer to buy (bid) price. So if you put in a market order you will get the much higher ask price and then it will have to move up quite a bit for the bid price to move up above your purchase price. These shares should only be bought with a limit order say at least 10%-15% below the current ask price. Then only sell with a limit order somewhat above the ask price.

  • Reply to

    Big Funds Love KMI

    by spencersgranny Mar 9, 2015 12:32 PM
    norcross2 norcross2 Mar 9, 2015 2:36 PM Flag

    thanks, anmlrescue, for an honest and insightful view on the future. As some investors have reminded us, the future counts more to them than past comparisons. Most of us will agree to that.

  • norcross2 norcross2 Mar 2, 2015 10:47 AM Flag

    Yes, Norm, you are right. It is Qualcomm that got replaced in one of Samsung's phones. I invest in all of these stocks and so got confused. Thanks for the reply.