I think it is about time for gas pipes to get some love. ETP has tested the 78.6% retracement from the 2008 low 4x and is building a nice double bottom with extremely high volumes. The long-term secular downtrend is clearly broken, with the stock paying 12.5% and pipeline capacity running out, this is a good a time to put in a long position for ETP.
Comment:
Right, the position is +6.5% and hitting 1st level resistance; time to take some money off the table while keeping some small optionality. Lock it in and thank you very much.