NGL Energy Partners LP (NGL)

[pete807]

Today's action tells a lot. This lack of confidence/trust/faith... call it what you will but it goes back to the overpromise and underdeliver disfunction period of not all being in solid agreement about what comes next. Now they have edited and apologized does not make much difference. Companies that underpromise and overdeliver always trade above book!!! NGL will need to actually beat estimates and just acknowledge the trend without excitement... just another days work. That will do much to turn sentiment around. Meanwhile I am a buyer with about every spare penny because it is trading so far undervalue in the market.

I remember another retail company years ago that got shorted into the ground by those that were certain said company could not provide their own internal financing at great rates for low income buyers. It took a rights offering to longs to finally make the squeeze happen. I was a long the got to buy more shares below the market which I did and got back a lot of capital the shorts couldn't touch,... I actually sold out a break even and missed the euphoria of the spike later on...