ETE up vs. ETP down. ETE is goes down less and always seems to go up more then ETP. ETP sucks compared to ETE. Back in 2012 I should have bought ETE not ETP. They have it in which ETP is setup to fail and ETE is set up to always win. I'm done for the day.
I would think lower oil would be better for demand for oil (but not for drillers). I know that ETP transfers most of its oil by quantity then by the price of oil. Regency I am not sure...they may do it by the price of oil instead of quantity and that is why Regency got hit with oil (I may be wrong as I have not done research on Regency). All I know I get a good discount when the drip happens.
I guess it is mess...not going to let one day judge it if it was a good or bad merger. I think it is a good deal for ETP but not so sure for the other side. This really does not change my out look for ETP in the end (except it is cheaper today then on Friday's close).
Who cares what the forward EPS is...we will not know the true EPS until the second quarter of next year. It is not $10 EPS that is for sure. Gild = Death - if you are not long term you are in for a lot pain.
Sold half and bought the half I sold at $93.75. Wow - Express Scripts can do damage to a company. Hoping this is a one day event but my gut says the pain will continue all this week. Ugg!
I've been there before many times. It depends how much of a lose you have and if you think the stock will be lower. I sold at $23.01 back on Nov. 4th (with a pretty nice lose and could have been much worse if I did not) and got back in at the price posted. I did not like the guidance for the 4th quarter and figured LNCO would be lower from where I sold it...As with most stocks hitting 52-week lows they tend to test the lows again at some point (I've been wrong before). I am not sure were LNCO will be in 30 days but the fundamentals are not that strong with oil at $55 to $60. They will also be reporting in Feb of sometime - I don't see LNCO going much higher and see it testing the lows (all in a 30 day period). There is still a lot of risk owning LNCO going into Jan & Feb. I would take the chance and sell but I am not you. Sometimes it works out and other times you miss the boat, but there are many other stocks out there that you can buy with the sell of LNCO.
I really hate the wash rule because it makes me hold on to a lose longer because the fear of selling at the bottom or on the verge of a breakout to the upside. Good luck!
I am back out at $11.85 - I am typically not a trader but I see LNCO testing $9 again and at that point I will buy back in. I feel lucky to come away with a minor profit - try this again.
If it goes down near the 52-week low again, I will add a little more. If it does not - then I missed the bottom and o'well.
I would like to say bottom but most bottoms are not this easy to predict. Most bottoms need to form some sort of a base - hope I am wrong but I doubt it. Since every oil stock is popping I would say this is nothing more then a short covering rally.
"Baird downgraded Linn Co, LLC (NASDAQ: LNCO) from Outperform to Neutral with a price target of $10.00 (from $21.00)." I would provide a link but Yahoo does not allow or website. Yahoo sucks!!