Yesterday was ugly. It was the opposite of a controlled pullback or consolidation. A big down day on huge volume followed by more selling today. Still above the 50-day moving average and the 5-ATR trailing stop though. It is in reaction to this news:
"The law firm of Spector Roseman Kodroff & Willis, P.C. is investigating possible breaches of fiduciary duty by the board of directors of Inergy Holdings, L.P. (“NRGP” or the “Company”) [NYSE:NRGP] arising out of the proposed acquisition of NRGP by Inergy, L.P. (“NRGY”)"
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