AltaGas Ltd T.ALA

Surprised about the selling?

[BSdetector2016]

@marketsense: There should be no reason to be surprised about the selling the recent run-up has generated. The stock is Overbought, which means the technical algorithms will kick in and selling begins. Large holders like funds do this and buy back in lower later on. Then there is selling pressure from retail that wants to get out, again using technical indicators to plan their price points. I doubt that there will be sustained selling pressure until after earnings, especially if the price spikes a bit and the stock gets even more Overbought. It's also a month-end rotation for many players so there's that to consider as well. The only stocks that can really defy Overbought indicators are growth stocks, and AltaGas is hardly that.

[marketsense]

My point remains.  Despite all BSdedectors explanatioms,  free trading platforms like Reddit and Robon Hood manage to outsmart and outdo all the institutions and rotational players and whoever else is involved and forced massive short covering that had all these sophiciticated players busting their a sses trying to cover.     That's what I'm talking about.   I

[BSdetector2016]

@marketsense: Shorters did not destroy this stock; management did, and they gave the shorters the key to the safe.

[marketsense]

I know the argument BS.   I know what happened and why it happened.    The deal took too long to close and they got caught as the market changed on them.   You want to blame mgmt for poor decision making and give the shorts a pass.   I see it differently and refuse to excuse the shorts for brutalizing ALA and a h elluva lot of shareholders to boot including myself. Now

[OOOOMM]

Thank you all for the recent posts. I am learning about investing in the market with this current discussion. Not much talk about the buy and hold strategy. I am thinking to simply hold as I expect the dividend to steadily increase over the next couple of years with a plan to sell half my position when the sp comes close to 40. Looks plausible as ALA is emerging as a much stronger company than it

[Capharnaum]

I think (current) Altagas is a good stock to own as a longer term hold. They have a clear path to increase EBITDA and dividends until at least 2024-2025, so that should support the share price going up for the next few years. Even as a long term holder, I still do follow the quarterly releases and check that they keep being on track. In the event where they would stray from the path, you need to