And Bill wrong once again. His only "successful" calls and trades are always reported well after when they were allegedly consummated.
"the FTC announcement which is irrelevant "
Mr. Market tends to read only headlines without understanding their implications ... or lack of implications. Trading volumes on Thurs and Fri were comparatively light.
"or just growing confidence in cancellation of the deal from hell."
That's what I was referring to as the near term pop. I assumed that was obvious.
"But don't tell anyone else. "
Wait until something happens and then after the fact tell everyone you traded it profitably.
"will create trading dynamics which will dwarf/override the visual cues one finds in the tea leaves."
The visual cues/charts are a consequence of the trading dynamics, not the other way around and not some magical prediction. I agree they need to be taken with a grain of salt, but they do reflect trading patterns and emotional responses to what's happening in the market as a result of news, speculation, rumor.
Rather than comparing them to tea leaves, they might be similar to consensus polling ... not entirely reliable, but a legitimate reflection of perceptions and a reasonable predictor of what to expect.
And, if Yahoo is to be believed, the Jan 2017 $15 call option contracts bought 3600.
Increasing confidence that there will be both a near term pop and a longer term improvement in fundamentals.
They're not exclusively involved with natural gas and, whether it's justified or not, MLP prices tend to move with energy prices. Theoretically midstream MLPs are dependent on the tolls they charge for moving product and not the pricing of the product, but that has obviously not been entirely true.
"ETE’s family of companies owns and operates approximately 71,000 miles of natural gas, natural gas liquids, refined products, and crude oil pipelines."
Fairly low volume on Friday and the price settled about unchanged. Probably a lot of the short positions have been closed already and/or those who are still short believe things could still get worse before they get better. Whether or not someone is scared would depend on if they originally went short when ETE was $35 or when it was $7.
The market tends to have knee-jerk reactions to news in either direction since most people, including the talking heads on CNBC, rarely seem to understand the implications of any event in the continuing ETE/WMB soap opera. Interesting times and hard to predict, at least in the short term, what Mr. Market will do from day to day.
Hopefully everyone will vote against the deal whatever the basis for their decision. Not sure I would trust WMB management, but I don't own WMB, so I don't care
When "we" were pumping the deal we were told that the synergies would amount to $2 billion.
When "we" were killing the deal we were told it was more like $170 million over many years.
Obviously if the deal were to go forward the probable synergies would/will depend on the actual finalized terms of the deal as well as energy prices, but does anyone have any idea whether these estimate were realistic or just promotional hype?
Don't be so hard on short sellers. The volatility they cause presents an opportunity to make money for those of us who see that they've got it wrong.
In some cases (not ETE) they raise red flags that are worth paying attention to.
I've never shorted a stock in my life. Too risky. But they do serve a useful purpose ... just like when Bill posts in this forum. You know he's going to be wrong 99% of the time, so his predictions that ETE is going to $4 are a clear indication to BUY BUY BUY. Get nervous whenever he's (pretending) to go long.
It was a part of the Jim (Cramer) & Dave (Faber) pre-market comedy hour. Neither of them has a clue. Jimmy just wings it from day to day and David's sources of information are his Uber driver and a high school investment club.
" just do the opposite of what Bill and Cnaman say and we all will be fine!!!"
Yes, Bill's track record for being wrong is impeccable.