The stock closed at 53.10 less than a month ago. In the meantime they've announced a dist. rate increase, someone call the SEC, we need heads to roll! LOL
Don't you think they announced the rate increase to wet the appetite for a secondary, creating demand. Your naivete is mind boggling.
Listen, I'm sure you are some sort of disgruntled employee or something but why own this if you hate the management so much and think they are manipulating the news cycle. I would never invest in a company that did the things you suggest yet you seem to stay invested and just complain. Who's the dumb one?
Here's a thought, don't count your pennies for a few days and check your account in a few weeks and it will be like this never happened except that your distribution will be higher.
Rather than changing the topic to me.. thats what cheerleaders do best.. attack the messenger when they do not like whats being said
why not address the topic at hand..
was the news cycle manipulated... or are you in denial?
Isn't the manipulation of the news cycle securities fraud?
Isn't it a concern that the stock traded off on Friday after such good news and then there is a secondary on Monday?
Your admission that the increased distribution was done to specifically to increase demand is exactly why the news cycle has been manipulated... you obviously agree that EPD knew they were going to do a secondary when they announced the bump in the distribution... the demand they created was not sufficient to counter what appears to be knowledge of the pending dilution
That means you can see the manipulation in the timing of the release of the news... That is Securities fraud... they held back on pertinent information... it appears someone someone knew the pending news and traded on it... thats felony insider trading
I just feel that I am entitled to all the news when they know it... not just some of it.. while it is leaked to preferred parties
Time to remove your head from your rear end and admit what you saw over 3 days
Furthermore... one of my biggest points when I was complaining that the distribution needed to be bumped was that a secondary would come sooner or later... I was hoping that the bump in distribution would have had at least a month or so to influence the share price in a positive manner before an announcement that would be perceived so negatively
Imagine a world where EPD would have traded to the $56-57 range prior to the secondary.... that means either less dilution or more cash in... but whats $30-$40 million... obviously nothing to you
As to why stay invested... In my opinion... the company just screwed me out of an opportunity to monitize my shares at the max... I really did not know till today that they were such manipulative POS
Lot's of time stocks go down on Friday just because folks are nervous. And with this economy and Obama I am nervous. After having so many Fridays with upward movement, it is also logical that some would take a profit. Personally, I took some profits last Friday on several stocks and bought some AAPL today. I also bought a litttle more EPD. Company is just getting ready for huge expansion.