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Inergy, L.P. Message Board

chrisjcrash 417 posts  |  Last Activity: Jul 1, 2014 10:33 AM Member since: Jun 13, 2009
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  • Reply to

    Brokers showing transactions

    by dar200 Jul 1, 2014 9:41 AM
    chrisjcrash chrisjcrash Jul 1, 2014 10:33 AM Flag

    E*Trade corrected original NRF positions into NRF and NSAM but has not accounted for NSAM.WI (not sure about NRF.WI). NSAM.WI positions are showing up on a placeholder line but have not been converted to NSAM.

  • Reply to

    Updated NTI puts trades

    by lizahuang54321 Jul 22, 2013 2:46 PM
    chrisjcrash chrisjcrash Jul 24, 2013 8:28 AM Flag

    I like the strategy if the unit price does not drop below the strike by too much. There is a risk if the unit price for example drops to $15 and you have no place to roll. Right now you are out to March 2014 and there are no options further out in time. I would think, at $15/unit, that you would have to take your lumps and roll down to a lower strike at that point (or buy the units for 22.50). But I bet you would wait until the May/June 2014 options are available and just keep rolling. Its all about timing. Umm, Yes, I like your strategy. You are making money on time value decay.

    Presumably, the unit price would go up above the strike at some point and you could relax a bit.

  • Reply to

    Updated NTI puts trades

    by lizahuang54321 Jul 22, 2013 2:46 PM
    chrisjcrash chrisjcrash Jul 23, 2013 7:10 PM Flag

    13-33 is a tight range? I am with you however, I am sure that Liza will adjust the strike if the price dropped below $22.50 but she stuck with the strike as the price dropped from 30's to recent prices so she will probably keep the 22.5 strike if the price goes up. She seems pretty good at picking bottoms and that is not a pun.

  • Reply to

    Market for bry

    by dennisrfm Jul 3, 2013 12:17 PM
    chrisjcrash chrisjcrash Jul 18, 2013 7:07 PM Flag

    you mean KPMG.

  • "Mortgage REIT Meltdown, I Told You So"

    That guy needs dar to educate him.

  • chrisjcrash by chrisjcrash Jul 11, 2013 4:14 PM Flag

    Hello Muddah, hello Fadduh,
    Here I am at Camp McCullough
    Camp is very entertaining
    and they say we'll have some fun if LINE stops gaining.

    I went buying with Joe Bater.
    He became a HedgeEye hater.
    You remember Leonard Skinner
    He lost his shirt last night before dinner.

    All the buyers hate the sellers
    They say the market has alligators.
    And the head man wants no fairies,
    So he reads to us from his Diaries.

    Now I don't want this should scare ya
    But my Linn stock has diarrhea.
    You remember Jeffrey Hardy
    They're about to organize a searching party.

    Take me home, oh muddah fadduh, take me home, I hate McCullough
    Don't leave me out in the forest where I might get eaten by a bear.
    Take me home, I promise I will not make noise or mess the house with
    other investors, oh please don't make me stay, I've been trading one whole day.

    Dearest fadduh, darling muddah,
    How's my precious little bruddah?
    Let me come home if ya miss me
    I will even let Kevin Kaiser hug and kiss me.

    Wait a minute, LINE stopped dropping,
    Guys are buying, stock is popping,
    Making money, gee that's better,
    Muddah Fadduh kindly disregard this letter.

  • chrisjcrash chrisjcrash Jul 11, 2013 2:56 PM Flag

    McCullough yesterday tweeted "$LINE still has $19 written all over it and Kaise is looking to re-short both $LNCO and $EVEP on our risk signals".

    That indicates to me that they probably covered previously. It was also his signal for a coordinated bear raid. Remember that this went back so fast that there are lots of shorts that did not have time to cover. Buy on the dips, they are desperate.

  • Reply to

    No insider purchases

    by chrisjcrash Jul 9, 2013 3:22 PM
    chrisjcrash chrisjcrash Jul 10, 2013 12:52 PM Flag

    nice gain today. maybe I should have pulled the trigger but I also already have too much in BBEP, VNR, LINE, and EVEP. All are moving up today.

  • Reply to

    No insider purchases

    by chrisjcrash Jul 9, 2013 3:22 PM
    chrisjcrash chrisjcrash Jul 10, 2013 12:49 PM Flag

    looks like my answer got deleted. search for secform4 website.

  • chrisjcrash by chrisjcrash Jul 9, 2013 3:22 PM Flag

    I have been following EROC for quite some time but have no position.

    I considered starting a position in EROC today but ....When LINE, VNR, BBEP prices were under pressure recently, insiders purchased a significant number of shares. This has not happened in EROCS case. To me, this seems to be a tell that a distribution cut is coming. We will know in approximately 2 weeks. If there is a cut, there will probably be a quick sell-off but given the sell-off that has already occurred, it might just be a buying opportunity.

    If there is a significant insider purchase in the next two weeks, I will be a buyer. I won't be holding my breadth for that to happen.

  • Reply to

    Reason for selloff?

    by oldrover Jul 2, 2013 10:27 AM
    chrisjcrash chrisjcrash Jul 2, 2013 11:00 AM Flag

    I should add that, relating the SEC LINE investigation to BBEP, it has to do with LINE's accounting for PUTS in its hedging and accounting for the cost of PUTS on the DCF. BBEP does use PUTS for hedging but on a very small scale and I do not know if they use the same accounting strategy as LINE. Regardless, its a good time to buy.

  • Reply to

    Reason for selloff?

    by oldrover Jul 2, 2013 10:27 AM
    chrisjcrash chrisjcrash Jul 2, 2013 10:47 AM Flag

    its the fear that BBEP accounting is the same as LINE which is being investigated by the SEC. It does not necessarily mean that either is in trouble.

  • chrisjcrash chrisjcrash Jun 27, 2013 10:54 AM Flag

    I love playing with the volatility of SSW and am looking for it to go much lower before buying back in.

  • chrisjcrash chrisjcrash Jun 27, 2013 10:41 AM Flag

    The divy needs to be cut to 0. I sold this and DSX about a month ago and will not buy back until the mgt team does the right thing. I use to believe in the mt team but the way they are running DCIX does not make sense. There are so many container ship companies that are better than DCIX (SSW, CMRE) but I am waiting for a better price on those as well.

  • Reply to

    Holding LINE in a Roth IRA - Tax Question

    by new2nvesting Jun 19, 2013 10:45 AM
    chrisjcrash chrisjcrash Jun 19, 2013 1:16 PM Flag

    Owning MLPS in an IRA is confusing due to the chance for UBTI, and the fact that you may not be getting full tax advantage of owning an MLP. Add this to the Roth complication and you are going to get a lot of conflicting information. If you have not owned LINE for very long then I would suggest that you sell your LINE and buy LNCO (or BRY) in the Roth IRA. Chances are that you will not have much UBTI if any. You could see a tax accountant but the accountant may not know the correct answer either.

  • Seriously, audio. I respect your comments about the dry bulkers and agree with most of your technical comments. I also think that you are a very rude SOB. Your response posting are just plain mean over 50% of the time. Its easy to see why others attack your positions. You let lightson get under your skin and its pretty funny.

    But really now, DRYS! You hate the industry, you hate the company, you hate the CEO, yet you invested in it. You are one sick dude (or dudette).

    Note that I am NOT long on the dry bulkers. You ARE!

  • Reply to

    bottom is in on shippers.....1st inning

    by lightson1999 May 23, 2013 11:12 AM
    chrisjcrash chrisjcrash May 26, 2013 8:45 AM Flag

    ..and this is from a person that just bought into DRYS, in an industry that the person hates, a company he hates with a CEO he hates. Note that I am NOT long on the dry bulkers. You ARE!

  • Reply to

    bottom is in on shippers.....1st inning

    by lightson1999 May 23, 2013 11:12 AM
    chrisjcrash chrisjcrash May 26, 2013 8:40 AM Flag

    I did not say that the market is right but I should have said that the market tries to anticipate and you are correct about he pundits.

    Its pretty easy to see what the poor rates are costing them but its costing other drybulk shippers much more.

    Naive - maybe.

  • Reply to

    bottom is in on shippers.....1st inning

    by lightson1999 May 23, 2013 11:12 AM
    chrisjcrash chrisjcrash May 25, 2013 6:55 AM Flag

    2. Do I really have to spell it out for you. The equity market anticipates. If you think that dry bulk shipping will start to improve in 12-18 months then now may be a good time to buy else ... not. I do not think that DSX mgt team understands the equity market.
    3. Greek shipping is a cutthroat business. They love to pick up ships on other's misfortunes. Not so silly to me. Calling George a bozo was probably silly of me. I should have called him a shark. He knows what he's doing and its good for only 1 person, himself.

  • Reply to

    bottom is in on shippers.....1st inning

    by lightson1999 May 23, 2013 11:12 AM
    chrisjcrash chrisjcrash May 24, 2013 2:19 PM Flag

    1. this mgt is very, very, very conservative.
    2. The bottom of the equity market is not the same as the bottom of the BDI.
    3 DSX mgt would love to see the shipping rates decline further. They want others to go out of business. They have been waiting for 4 years for it to happen. Unfortunately, bozos like Economu keep getting bailed out from the folks who can't afford to see him go under.

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