RE: New 52 Week Low Right now the risks in the market are really high. There is the real possibility that there could be a significant credit event - so the market could go down a lot lower. I STRESS IT COULD!!
If it does, commodities get hit hard. I'm sure you're absolutely right that there are a lot of shorters in this stock and all energy stocks. If that is the case, fundamentals don't mean anything right now. The lows in 2009 were around $3.25. This will probably be support and you won't see the shorters exit their positions until the stock gets to around there.
At the moment, technicals are controling this stock. Espcecially with NG almost at 10 year lows and the possibilities that it & OIL could head lower.
NGL is a great stock. Could you buy now? Absolutely! But I think there is the real POTENTIAL for it to head a little lower yet. Just my opinion and not my desire.
For your info, I'm long at higher levels.