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Eagle Rock Energy Partners, L.P. Message Board

  • ruby.thedyke ruby.thedyke Nov 14, 2013 2:37 PM Flag

    At some point the falling knife hits the floor.

    I love blood, I'm starting to lick my lips, looking for a chance to wet my beak. It's getting "cheap", and at some point I'll be in for a trade, even though I think this NGP mess isn't going to heal soon. Calls look hopeless, they only go out to April, and there's still premium in the $5 call, misplaced optimism I think! Maybe they'll break down enough if the melt down continues, but probably it's a unit buy situation.

    I hate to throw a lot of capital into that kind of trade, so it really has to be on its lips. I'm thinking high $4's, and I'll be very Warren Buffet like, I won't wade in until I get my price. Let's say . . . $4.85. My sympathy to anyone left in this name.

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