Instead of opening up today above 16 the market makers took this down almost 10%. It has recovered but it shows you what crooks this investment game has become. Everybody and his brother thought this was going up except for Liz Douchebag the jinx.
Sentiment: Strong Buy
The stock is going to go where the big boys (and girls) with the money and shares want it to. Might agree with you the options end, though. With the stock at 17.75, I could not sell my Aug 15s for 2.85 (intrinsic was 2.75) you would have thought 6 weeks was worth a dime since it includes earnings lol. Same thing happens in most of the MLPs (they don't seem that illiquid) when they get fairly far in the money. Last quarter I had to offer my UAN options below IV to get them sold.
Most people who have been investing in MLPs for more than a few days have seen this type of action play out several times before over the last 5 years (at least once per year) and it was pretty clear there would be at least one more flush as margin call selling hit the market into a light volume holiday trading day. Smart people can recognize that and be ready to take advantage and it doesn't imply we are negative or short. It is simply that we have been invested in these vehicle longer than newbies like you and recognize what is going on. While you've been accusing me of being short and negative, I've been adding to positions in LINE, ARP, BBEP and QRE over the last few days. Your comments make yourself look clueless and ridiculous.
When overall volume is 8 1/2x normal do you really believe it's nasty MMs who are conspiring to take it down against what Mr. Market wants it to do? Get real..... The real question is whether Mr. Market is wrong and if there's unwarranted piling on going on here....The market ALWAYS seems to go to extremes (no efficient market theorist here) in both directions..... This is the definition of extreme imho.....