Energy MLPs have been around for a long time. Their tax advantaged status was given to promote domestic energy production, and 90% of cash flow is always given to shareholders. Hedging is common sense for this type of business, and the street rarely looks at GAAP data for analysis.
Is this an illegal bear raid?
Do the Barron's reporter and Hedgeye have some connection? Could he have gone to school with one of the Hedgeye employees, friends with, relative of?
Does Hedgeye have some connection with a big hedge fund that is shorting LINE? A hedge fund that makes a ton of money can find ways to indirectly compensate someone. When did hedge funds start shorting, before or after the Hedgeye press release? Is there something here?
Who are the bashers on this message board? Where does their IP addresses lead? I hope LINE requests this data from Yahoo.
I sure hope that LINE does an investigation into all of this to see if there can possibly be any connection , as it seems the SEC is incompetent in this regard.
Besides, I live for situations just like this. I knew about linn energy and had watched it for years. And upon this little fiasco established a humble little position that will work out quite well for me.
So instead of complaining about it, you should have either bought or doubled down in the low 20's. Just like you should with Intuitive surgical right about now. The one thing you can be sure of is stocks WILL over react to any bad news.
Whereas there could be collusion between hedgeye and barrons, it is a stretch to think anything posted on this pathetic little resource (MB) could have a material affect on any equity. Unless they trade for pennies of course.
Oh and there is nothing illegal about a bear raid. It is the responsibility of the individual investor to have researched their positions in a manner sufficient to keep them from knee jerking to obvious FUD.
For example, when that clown at SA said energy MLP's were ponzi like schemes, did you believe it for a second?
Something is rotten in Denmark. Barron's shilled for Hedgeye for an unknown reason. A reasonable bear case could have been made around $30. But claiming LINE was worth $17 while the consensus of a very large number of analysts was $40+ is just insanity.
Unfortunately as Americans no longer associate and do business based on character and integrity, there is no cost to operating a stock. Most individual investors are not aware of strong general and usual market efficiency and the ramifications this entails. If they did they would not have fallen for the circus show.
Both Barrons and Hedgeye are not worth doing business for Americans who still believe in honesty, integrity and rationality.
The traveling circus will always have OLB useful idiots.
Putting back the uptick rule would have made a huge difference here. While working on this we can and should call Hedgeye and Barrons out for what they are. Shills.
I am very sad about Barrons.