A.M. NOTES
Problems with Blogger yesterday. No updates…
EPD and PIR – still look healthy. PIR is in a trading range still. EPD is trending up but seems to have trouble closing in higher ground. This stock offers a lot of value given the 7% dividend.
LBY – had to sell this one at $19.37. A small profit. Why was it sold?
· This low volume stock is dangerous, slippage is large and one large institution could kill me if they decided to sell.
· Also, volume did not spike up the way you want to see it do so.
· Yesterday, the stock was up in the AM, and then sold off. Ended down for the day. Opened lower today. I figured the amateurs would at least buy this AM. That did not happen either.
· The trend as stalled or reversed.
· Had to sell and regroup.
Colgate is a stock that should be closely watched. They are going through some hard times but this is a set up for a trend up at some point in the future. Stay tuned…
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