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Dec 15, 2015 6:06 PM

Kinder Morgan Dead Cat bounce  Short

Kinder Morgan, Inc.NYSE

Description

After a horrible 6 months or so for energy related stocks KMI finally cut their unsustainable dividend by %75 causing the stock to crash (fool.com/investing/general/2015/12/09/kinder-morgan-inc-capitulates-slashes-dividend-75.aspx) .While a short term bottom was found around $15 the chart is now making a nice bear flag. It looks to me like a dead cat bounce. With no real support insight and the energy sector continuing to be lack-luster I do not see this drop stopping any time soon.
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