TransAlta (TA)

[KaeJS]

Looks like I bought in a little early at $20.33.

What's the issue here? Stock getting smacked with volatility today.

High $20.40
Low $20.07

[Argonaut]

Looks like the stock will bounce around from $20-$22 until the end of time. Not bad, but not good.

[KaeJS]

I placed a buy for 500 shares at $20.07 15 minutes ago.

It has bounced back from 20.08 to 20.07 6 times.

My order has not been filled.

A lot of buyers at $20.07.

I might have to settle for $20.08

[Spidey]

According to some analysts I've heard, someone or entity is dumping a massive amount of shares. Could be they just have somewhere else where they want to employ their capital.

[KaeJS]

My order got filled. 500 at 20.07.

Then the stock dropped to $20.00.

I was kind of expecting $20.15 by the end of the day.

Oh, well. It happens. Will hold it until I can sell at a profit.

[KaeJS]

I still am having a hard time understanding. What's the cause for the drop?

I understand markets are generally down today, but I thought low interest rates were good for utility companies that have lots of debt?

So, with the low rates down to about 2014 in the US now, shouldn't the utility companies be doing better than they are?

I understand TA is a Canadian company, but still....?

I am not worried about my position, but if anyone has ideas or knowledge to share, they would be appreciated.

[HaroldCrump]

I haven't followed TA in a while and I don't see any apparent news release.
It is possible that some news might be coming later today or tomorrow.
Maybe another lawsuit for price fixing.

[KaeJS]

^ you mean like information not available to the public?

[HaroldCrump]

Yes, either that, or some major fund/institution is getting out.
But usually in the latter case, they spread it over several days.

[Jungle]

Utilities seem to have a bond like correlation with the equity markets.