No position in HD (which is good as its selling off on good news) but you are wrong about the builders at least in FL. They are building like its 2005 again. Maybe it turns out the same way. We learned nothing.
Your title of the post answers your own question. When everyone loves it, no one left to buy, but plenty to sell at any whiff of a reason.
Um. You don't seem to understand the stock market. Guidance is a big deal as the market is typically always looking 6-12 months ahead of the state of the economy. Not my ideas. Read some books on equity investing.
This pop is due to hype by Keith Fitzgerald's group that publishes the money morning newsletter. If it performs like the last one EARS, it's going to retrace down within 3 weeks w/o news.
Solar, wind, and unicorn farts. There is much more to practical energy needs than charging your iPhone and blending a wheat grass smoothie for breakfast.
The issue with that is:
1) Cutting is possible and would be better than borrowing at insane interest rates.
2) Most people holding this do it for income, so they are now worried about #1 and now bailing hard on top of tax loss seasonal sell off.
3) Need a new type of buyer to surface who doesn't need income stream who can wait for it to recover.
Until #3 crowd shows up, we have a worried #2 crowd stampeding the exit door.
You won't see in on Yahoo, but my brokerage account shows a decent amount of insider buys took place in Nov, the last reported on Nov 30th. The fear is all around the debt in MLPs, not the biz or assets. (The US will not keep warm and power our economy on a staple of sun, wind, and unicorn fart power.) When I bought this, I asked myself if I could live with 50% of the current pay for a yield. I didn't expect to see "$5" range, but we seem to have hit the perfect storm of Saudi's OPEC flipping the bird the world, KMI sell-off, and tax loss season.
Since the real Cramer threw in the towel on both CVX and RDS-B Friday, these should be an obvious buy after tax loss selling season is done.
i never buy the reco with the sheep.... expect a pop monday as the 9-5 weekday job slavers catch up on email and buy on mon-tues next week. i'm going to wait until after the govt shut down and blood moon fears become full blown over the coming weeks to start accumulating stuff. also, like you, will look for similar class assets (ETF) not the specific reco if you believe the fundamental story and want to avoid the impact of lazy sheep popping the prices of the specific reco.
what about $8? 80% mid stream in here. Yield and holdings look amazing, but keeps tanking. Is something too good to be true?
That's not backfiring in their socialistic view. They want more people dependent on govt to survive. They buy votes that way. Those 45+M on food stamps (paid for by taxing the middle class who still have jobs in the private sector) are slam dunk votes for the Democrats. Why not add another few million to that if you're a Democrat in DC? Why do you think the work force participation numbers are at multi-decade lows while at the same time new jobless claims are also at record lows? It's because many just don't want to go back to work, or can make it by without having to if they qualify for benefits and make a little "low profile" cash income on the side. All those votes are going to Hillary. If you do have a job, keep working and paying your taxes. Many other's depend on it.
As expected, Obama's going for the jugular when energy prices are at a temporary unsustainable low due to Saudi Arabia and Iran.... doing it at a time when the average American won't notice the difference in the short term. After much nat gas & oil E&P gets shuttered, along with coal mines, and LNG exports begin, there will be extremely painful price spikes in electricity and gasoline hurting the lower and middle class American. By then, Obama will out of office passing the blame. Mission accomplished in his book.