Well if I'm an idiot just tell me where you got your AMLP short interest # from
The gospel of Short Interest. the Nasdaq site says there is zero SI in AMLP
and ETFs/ETNs are notoriously difficult to short, which is why there are inverse funds so the only real option is naked shorting which isnt reported
So where does your 30 mil short in AMLP come from?
Its a fair question when you spout off and call others idiots
When someone sells out of an MLP fund where do you think the fund gets the money from?
Anyhow.... Its hedge funds that are selling because their big money investors want out of the market
has the FED ever been 1 and done?
And where do rates need to go to reflect a healthy economy?
However the carnage is only due in part to fear of the FED... most is due to oil contagion and the sustainable MLP model going belly up
EPD is running a sustainable model... but is lumped in... doesn't help that revs are off 40+%
Until yesterday the decline in share price mirrored the revenue decline
Pipelines are usually a big asset in hedge funds because they are generally stable and provide income so you can leverage them quite nicely
I would bet there is a hedge fund or 2 in deep stuff.... that is being forced to liquidate because they are getting redemption calls from their clients.
Not only would this tell you we could hear of a fund going belly up...those high end clients are pulling money which does not bode well for the broader markets
IN 08 & 09 pipelines had their worst days on the dates that the hedge funds had their worst days....
I was looking at the 08 & 09 prices this morning and EPD actually had a significantly lower inter day price in Oct 08 than it did in March of 09
Question is who is Harry Houdini and can magically call the bottom
As Brian Nelson goes off on MLP structure and GPs its important to remember there is no GP in EPD
When the smoke clears there will be the buying opportunity of a lifetime... in what may be one of the few remaining MLPs
seems silly.... the canary in the coal mine has been belly up for quite some time
just wondering how far the broader markets will eventually fall
If you like to attach #s I have this off 43.2%
What has fundamentally changed is revenue is off by 40%
Do you still think this is a short term price fluctuation like you said 6 months ago?
is what has caused the MLP sell off... not energy contagion... when you consider this 4+% move...
Has nothing to do with revs being off 40% like they are here at EPD....
One completely effed up manipulated market.... no rationality what so ever
The problem being is it will go down 2-3Xs as hard when they do act.... more damage than good
Its still imaginary math..... 1/2 cent compounded pays out 5 cents.... its what they pay... or winds up in your pocket that is real
It should be illegal for them to represent anything other than reality
The wonderful news today is Iran and Kuwait will join the Saudi's in undercutting Brent
Dumping... and our wonderful government allows it
Obama s bent of destroying fossil fuel production in the US
Not to mention... terrorist Iran can sell oil on the world markets..... but those horrible US producers are forbidden to do so
This was a great thread back in January.... interesting how key antagonists have rolled over in the past 9 months....
We can only hope they identify the problem as an administration that put its foreign policy goals ahead of the US economy and the administrations willingness to allow what amounts to a trade war destroy wealth and an industry
Hindsight is 20/20....