Maybe not. Lots of folks thought ENRON was solid and then... Clearly LINE is better understood by analysts and has management that believes transparency is good for everyone. LINE is my single biggest holding outside of the regional bank preferred realm. I actually bought some June calls, which is somethiong I seldom do. I guess my point is that you should never underestimate the technical trading smarts of hedge funds intent on shorting. they don;t even have to be right. they just need to scare enough retail investors to get out. so it may not be next week or even the week after but - LINE will soon be at least close to 40.
It appears that peeps didn't buy what Ellis has said right now. That cramer is full of himself by just recently jumping on the band wagon earlier and then yesterday morning for a quick ride because Ellis was going to be on his show.
We just went ex-div. Unlikely to get to $40 for several months. C'est la vie. Many investors scared out will stay out. Those looking to buy MLP's have many choices. Why risk $ in shares of a company that has been trashed? (Rightly or wrongly.) Personally, I'm buying, but the sheep have gone to the other side of the pen. What is going to move them back?