Same with 17B market cap KMP.
In fact, looks like a quick sell of only 1-2% of the shares traded for the day at the end , 2 minutes before close for KMP, dropped the price by 1$ - rendering the price at which 98% of the shares traded during the day - meaningless.
Huge volume for LINE and others. GMXR and many of my MLP's were pulled down at close. Something is up but might be teh rebalancing. Will be interesting to know what happens next week.
It's this kind of s#$% that shows the stock market to be nothing more than a casino, with the SEC asleep at the wheel (still). Shows the need for regulation. This is probably some hedge fund rats trying to short the market for Linn down and start a panic. Don't panic. Naked shorting? Maybe, who will call them to task? Certainly not our "government" enforcement. I smell an orchestrated short raid, with more to come Monday as they try to force us all off. Write your news media, congressmen, and make a lot of noise if this happens. It's got to stop if the market is to return to a place to INVEST and not play craps.
Targa Resources (NGLS), Legacy (LGCY), Encore Energy (ENP) and EV Energy (EVEP) where all taken down hard at the close of the market. Line was taken down hard twice, once at lunch time and then again at the close with high volumes. Meanwhile, Vanguard (VNR) was untouched.
that's why the secondary offerings kill these small companies.
Some jerk off money manager got a big chunk of discounted stock during the last dilution and now needs to show some year end performance.
when you sell yourself to hedge funds you're giving your soul to the devil. they have no commitment to your business and just look for trading profits