NGL Energy Partners LP (NGL)

[srains]

Irk is a good word. I am also irked and cannot explain it as more than margin calls and stoploss hitting. What I would not be surprised at is a fall to 10.50 or a bit lower and quick climb back to $11.75. We did this not that long ago, another situation where we got beat up, dropped to $11., fell to $10.(something) and recovered to above $12.

Again, it feels like catching a falling knife but I have to go by what I know in the face of illogical trading. No bad news, just a sector getting beat up.

Perhaps we are looking at one institutional owner exiting the stock on a bad day. That would explain a bit of what is going on. On top of that, the timing makes it easy for other Traders to continue to knock it down, so they can add at lower levels