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Re: 1/28/19 - More of the sameIn the post I am answering to... "Would (management) they lie to us?" More than ever it looks like they did. Got out at $12.50 and $10.75. Have traded in and out a number of times but these last two trades were suppose to be the "CORE" holdings. Probably SMLP will be put on the radar again when (if) they show progress in their ambitious projects and debt level. Their goal should be reached in 2020 or near so. If the market is still in the "show me" mood then the stock will be cheap. but for now more downside than upside potential seems logical ... already down over 50% and yet many analyst are touting more to downside to come. Many of these analyst have records of jumping on a trend and stay there too long until something dramatic changes the direction. Might get low enough to attract a buy out bid... to the dismay of long term buy and hold investors. End results... the assets are in a good location and all analyst are still favorable views for 2021-22 .. so ... the investors has to be a real risk taker expecting a suitable reward to buy now expecting this to improve quickly or more cautious would buy in small amounts as the situation improved. so timing is a real item to keep track of. And the very prudent and safety cautious investor should seek greener pastures elsewhere... especially since many companies have already gone through and improved their outlook and now are at the stage of showing gains in 2019--2020 The suspicious ***PinewoodsBear*** |
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