Bullboard - Stock Discussion Forum AltaGas Ltd T.ALA

Alternate Symbol(s): ATGFF | T.ALA.PR.A | ATGPF | T.ALA.PR.B | T.ALA.PR.G | ATGAF

AltaGas Ltd. is a Canada-based energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States... see more

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TSX:ALA - Post Discussion

AltaGas Ltd > As I suspected

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Post by Johnwith30years on Jul 29, 2021 1:17pm

As I suspected

Early dip was just a headfake and nervous nellies or some shorters attempt to scare retail. Results were and will be strong. Onward toward 27 and 28. Cheers

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Comment by marketsense on Jul 29, 2021 2:22pm

Exactly. We've seen this pattern a few times before. I think that speaks to how easily ALA can be manipulated by certain entities for their own purposes. If one were a bit naiive or unsophisicated as an investor, you could easily be panicked into selling this morning. I guess on the other hand. if one were bold enough, it was a very nice ...more

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Comment by BSdetector2016 on Jul 29, 2021 3:23pm

It's called "sell into news". ALA isn't the only stock affected by this; most are. People know the next quarter will be craap and will bail for their own reasons. Then there are investors like me that just want to exit no matter how much lipstick has been applied to the pig, who need a catalyst to sell into.

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