The stock fell $10.00 in two days from July1 to July 3. Clearly that was a fear trade and a considerable pounding by shorts. I think the SEC is out of the way except to the extent that they may advise LINE management to be a little more conservative in providing guidance relative to future distributions. there is no way any SEC official is going to allow their "accountants" to challenge analysts that specialize in evaluating MLPs especially when they are associated with prestigious financial institutions. so in a nutshell, $33 looks like a good base number. the rest is going to depend on the guidance they give after reporting 2nd quarter. I am a little worried in that respect because most analysts are looking for a pretty soft first half.
I don't know how smart the "smart money" is, but there's no way to predict what will happen from here, for two reasons. First, in relation to its trading range, and where it was at before all this started, $28 is still silly cheap, so there's a lot left on the upside. And second, if this was a "normal" security, you might expect it to act in certain ways, perhaps to pause here, establish a base, all that kind of techno babble which might make some sense where a security is worth only what some other bloke will pay for it. But LINE pays out cash, monthly now, and a lot of it. There's an intrinsic value in the security that's absent for say, a Netflix or Green Mountain.
If I had to guess, I'd say it will continue to rise, in the main, but not as quickly as the last snapback, just because of the once burned factor. It's even possible we could see a dollar come off in profit taking sometime over the next week or two. But the trend has to be up, the cash flow will pull it there.
Not in the world of people choosing to live above the base level of God's Nature. A choice only people made in the Creators image have Liberty to act upon.
The Progressive heathens; deluded into believing they are sophisticated secular pagans, would love to define turn the other cheek as their ability to bully to no end. Take your logic of Guided reason which American has thrived upon out of here so we can get back to swing from the trees in full self absorption or by definition uncivilized self existence.
But of course a person only has two cheeks. Still the Progressive do get upset when they wildly exceed the benefit of the doubt as to the realty of their motives. Like greed as a primary personal driver rather than a controlled primitive irrationality for civilized people.
Reformist Faith is logical as it is required to have true purpose, at the most effective level.