Lorisue, you must know there are a lot of insincere posters here, offering erroneous info and outright lies ... ignore!!!
Yes, US Dollar lower, 10 Yr T rate down under 2% and a big drop in rig count ... the US dollar trend affects the Treasury rate and that affects the commodity valuation. And low prices for energy are slow but sure taking care of low prices. Pipeline firms have been crucified and became a bear's dream come true. The tide has turned. ETE and WMB will be a great combination and pay investors in dividends and capital appreciation
After the jobs report highlighted that the US economy was not that great, the US Dollar hit the skids ... from there we saw an ignition of commodity names and some global stk indices that have been in the tank, like Brazil.
He knows what he is writing about, which sadly few people here do. And then there are the paid super negative posts, which should highlight to you there are some forces who would rather you sell! Selling is the wrong thing to do, at this point.
Watch the price action today ... will not be surprised, if it closes above $37/share ... very bullish action!!!
Someone or something is just laying all over ETE and that makes this coming to fruition highly suspect
This morning looked like piling on by hedge funds shorting this sector ... it has been an easy short, since people are running scared in the mkt and especially all energy related shares and of late energy pipeline and MLP firms have had a big target on their shares. As you observed, the volume picked up significantly, after 11:30am, which was the low
That is what i have been saying ... someone (hedge fund types) paid people to post on WMB MB to scare you ... they did a good job, right. How many people sold at $42 or lower??
The combined organization of ETE and WMB is going to be something any smart money mgr is going to want to be part of going forward. Pipeline to the people ... in the Northeast! Lot of people and customers there, spells good growth in earnings and dividends
People, trades settle throughout the night and even in the next morning ... it will show as a trade, but it is not current. So it may be lower or a lot lower ... or even higher, but in this case, higher means a new trade, because it closed the normal session, ending at 4pm EST near its daily high.
Their job was to create fear in your minds and cause you to see and thereby helping the short case ... paid hands!
Should be firmed up and made public within a week or so
They are in control of this stock, aren't they?