This is my attempt to learn GEO formation from 4xForecaster, he is the Man!
CEQP is highly undervalued from a fundamental prospective, however, the overall market condition is not helping. Some legal issues are supposed to be sorted out in 2 weeks. By that time, the market could be in a very bad mood.
The 3/31/2016 deadline past and many buyers got disappointed. In the next 2 weeks CEQP will likely pull back to $9.50 support area and possibly even lower. A perfect buy and hold stock anywhere below $10.
CEQP is highly undervalued from a fundamental prospective, however, the overall market condition is not helping. Some legal issues are supposed to be sorted out in 2 weeks. By that time, the market could be in a very bad mood.
The 3/31/2016 deadline past and many buyers got disappointed. In the next 2 weeks CEQP will likely pull back to $9.50 support area and possibly even lower. A perfect buy and hold stock anywhere below $10.