The spikes are pretty amazing Catdaddy. I usually play these above 10 dollar trades just for 10% and move on. BUT, ALDW looks like it still has more room to move in my opinion based on it's history. The last quarter was tough, but things should be much better this quarter.
Well it looks like we missed the boat today here. RSI was down around 10 earlier when it dipped to 14.20. Almost as low as when I profited a few months ago buying at that oversold point and selling with a nice quick gain in less than a month. We shall see. Still oversold and they announced they would put off the turnaround until Q2. Compared to the other two or three MLP refiners this one looks like it will bounce in the near term. The payout, if any, will be announced soon. There is usually a delay based on the year end accounting but I looked back to last year.... mid month ahead of earnings release.
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