RE:Early Increase In Stock Price Above the $8.70 LowHey Dean
I think that is 1 of 2 possibilities. The other is the possibility of a quick asset sale, especially Atlantica. Many investors have a hate-on (me included) for renewables so the sale would look like a positive.
Since doing the quick sell of the extra 3205 shares at $9.91 on Jan 11th, my wife & I have re-added 5280 shares at $9.48. I had posted that I would consider converting those 5280 shares iinto a trade if AQN jumped fairly quickly to $10. I gave it some serious thought this morning at $10.04 and decided the move has been slow and steady enough that it's worth hanging on for now. It's hard to resist the quick $3k profit but I suspect there's still some "quick" upside. I'll reconsider at $10.30 if it gets there. If it's the Atalntica sale that pushes it up, then I'll definitely hang on and I think the sale makes AQN a better company.
I agree with you that investors are expecting the KPC deal to fall apart and also agree that if it doesn't. then AQN is likely to go back down below $9.50.
Tricky stuff.
Take her easy
Sarge
DeanEdmonton wrote: Tells me the street is betting that the Kentucky Belch deal is NOT going to move ahead and will be cancelled once the deadlines pass. It is the only reasonable hypothesis I can come up with for the stock price moving ack up this soon. If the street is wrong and Kentucky goes ahead, I am betting we see another quick drop in the share price.