Replies to post #72 on Boardwalk Pipeline Partners fka BWP

[liggity]

I guess it depends on how quickly you need some profit. I have conviction in the fact that BWP is going up eventually, proof is in the accumulation at these levels. Also its reassuring to know that if big money and or MM's are accumulating at these levels, it isn't likely to go below these levels as they are in the business of making money, not losing it. Volume tells the story here, check a daily chart and compare volume before and after the big drop from 20+. What I don't know is how long they will stay at these levels before moving price up. Cant be too long though OS is 240mil, and this stock has: let me copy paste here

Institutional Stock Ownership 64.3%
Institutional Mutual Fund Ownership 14.5%
Mutual Fund Ownership 0.4%
Insider Ownership 51.7%
Other 0%
Total Outstanding Shares: 243,223,801

[liggity]

Here is another possibility.

They start bringing price up these next couple weeks, then release some earnings numbers that are made to seem mediocre. They will then drop price from where it is, say 15-17, back down to these current levels. This would be an effective way of shaking out more shares and taking some profits on the way back up, a very brief drop to aid in wholesale accumulation. If that seems possible come earnings time, just don't set a stop loss, you have to roll with the decision IMO. Too often they love to trigger stop losses on earnings day just to then bring the price right back up. Just don't be taken by any tricks one way or another. Ill be around for the ride and let you know if I bail at some point.