crankbuxrd777: Technically, if LINE holds 34.95 -35.00 RSI bottoms and LNCO holds above 38.65 the 'bear attack' will cease... note: The prices on LINE were a gift today, so I maxxed out - (already filled my quota on LNCO... Now just sit back and watch it play out... GLTA
"Linn Energy has now twice faced a bear attack by Barron's. While the stock is slightly off its lows, it is still down quite a bit since the article was published. Linn Energy has quite a large amount of short interest -- much larger than other upstream MLPs. However, with the move towards monthly distributions, Linn Energy may experience more share price stability, as the price for shorting the stock rises. In addition, Linn Energy should announce a 6% distribution increase once the Berry transaction closes. I own shares in several upstream MLPs and what Linn Energy does with hedges is nothing out of the ordinary. In my opinion, this decline represented a buying opportunity"