Merril Lynch has upgraded LINE from neutral to BUY citing a fair value price of 33.00, LINE closed Friday at 23.45 but is 24.00 pre-market, CONGRATS LONGS!!!! Merril cites after review co's LINE and LNCO over way oversold!
Yes, the hits just keep coming. Unfortunately the small retail investors are usually the ones to get whip-sawed the hardest. And that's not to say that the ones on the short end that didn't cover yet are just waiting for the next shoe to drop on LNCO. I said last week and feel even stronger in saying this week that this was just a bear-raid that ran it's course and now the reversal is already strong and moving forward and if your short and waiting for another leg down your gonna get slammed for the nearterm, only if the sec moves toward a formal investigation and subpoenas do we the reversal flip again, LONGS IN CONTROL FOR NOW! BUY BUY BUY
oh yeah, LINE already getting 4%pop to 24.16, won't be long till we get the juice also, shorts are going to get a queasy stomach this morning and they are going to run for the exits covering hard and sending LNCO back over 30.00 today....IMO