...today is a day that illustrates the blind spot of over-relying on TA.
How does anyone prepare oneself for a fundamental announcement of this magnitude unless one analyzes the implication of an extremely rapidly falling debt load coupled to an extremely modest 20% sustainability ratio?
Today's announcement was surprising only in terms of date specificity. To say it was predictable AND inevitable would only be apparent to those who have (not even carefully) read VET's financial statements, the advantage of its geographic positioning and its management habits which were developed over many years and were screamed from the roof tops by Lorenzo Donadeo upon deposement of Anthony Marino.
Would anyone like to know what inevitable event is next? (Note: I can only demur to provide exact timing down to dates, but provenance is absolutely guaranteed to the accuracy of quarters based upon certainty that accompanies $11-12 fcfps/yr. over the next 2 years).
...or would one prefer to wait for the next chart "signal"?
Regards,
Naamkat