Seeking Alpha

markbt116's  Instablog

markbt116
Send Message
View markbt116's Instablogs on:
  • Stocks Gapping Up On No Known News

    TGP has been trading between up between 3.5 and 4% today. There is no material news to speak of. The last significant news came on Friday before the open that management raised the distribution 7.1%...as expected.

    From a technical standpoint, this is not only an overbought condition, but a failed breakout at major resistance.

    My advice is to short TGP for a trade. It will go ex-dividend on April 19, so readers may want to consider covering before that day.

    Disclosure: I am short TGP.

    Tags: TGP
    Apr 16 12:39 PM | Link | Comment!
Full index of posts »
Latest Followers
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.