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.
Below $5 is a requirement for me too in order to add.
When we had the MLP meltdown a few months back, I added to LINE, EVEP, QRE, ARP and BBEP but avoided EROC because I suspected something like this. Since my last purchase was $3-ish with the warrants exercise there's no incentive for me to chase it as I already have quite a few units. I'll start considering when it breaches $5 which I expect it will before the end of the year.
Well I don't know about the rest of you boys and girls but I just bought in at $5.38 and am happy with the price. Now I sit back and collect the div.. The trouble in the market today is too many traders and not enough investors. Hope all you traders get squeezed to hell.