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Eagle Rock Energy Partners, L.P Message Board

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  • jgriffith111 jgriffith111 Oct 21, 2009 11:25 AM Flag

    Sold entire position @ 5.3

    I sold 1/4 of my position at 4.85 and replaced with a $2.50/$5.00 bull call spread (Jan).

    I'm trying to wait for $6 to sell some more.

    I've got to admit I'd like to take my profits and stick them somewhere with a bit less downside (EROC didn't have what I considered as much downside when I was buying, but I could see some significant short term downside here if things play out poorly), but I don't want to sell into a bidding war (NGP/Blackstone).

 
EROC
1.740.00(0.00%)Oct 8 3:59 PMEDT