Uh we hit 28.19 today I guess not such a silly post HUH!
Well we hit the 20's we were at 28.19 on the low looks like somebody bought at around 28.61 but I am still thinking we continue lower here.
Closed at 34.61 on August 10th when you made your comment now trading around 31 and early this morning you could have bought at 28.50
per barrel than what the market bears. The infrastucture that would have been built to support theese new wells is in jeapordy of never being built all they can do now is finish up remaing projects of existing wells after that thier will be no more growth for midstream MLP's unless they approve exporting of oil. Exporting of oil would increase the need for infrastructure for more ports of call piping.
We hit 30.14 intraday not to far away from the 20;s which I mentioned about a month ago. We should be seeing it soon enough.
Not so silly of a post now MLPL down to about 36. 20's not to far away
Did it break 54.04 convincingly not even close read it again moron. Resistance and support are extremly important in technical analysis.
over 4% we ar deinetly going much lower there just is no need to own now will buy in the 20;s
MWE getting crushed today. I think many longs care about as many ideas and perspectives and information they can get on thier stocks including technical analysis. If you don't use technical analysis it is always better to have as much info as possible so you can make the correct calls on a position wheather you are long or short.
How come when somebody gives you a short perspective on a stock it's spreading fear
you know you can short or buy put options right are you thatt thick skulled you think you can only make money on the long side. I guess moron's always exist on theese boards.
Also the right shoulder is lower than the left shoulder which makes this head and shoulder pattern look really ugly and bearish.
54.04 then we will head all the way down to 36.15.
Not sure of the target price yet but if we follow EPD and MWE we have a long way to go the yield is way to low for this stock as rates will eventually rise and that is what will put pressure on this stock.
All MLP's breaking down ETP especially EPD is not being spared either projection EPD to fall to at least 24.20 before this is over based on the neckline and head of the head and shoulders topping formation.