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Linn Co, LLC Message Board

  • stdennis44 stdennis44 Aug 22, 2013 7:21 PM Flag

    A little help from the chart people please.........

    Is this a weak head and shoulders formation?
    Looks promising to me.

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    • Stdennis, the short to intermediate term outlook for LNCO is dependent on the SEC inquiry. And if the SEC inquiry doesn't go well, then the long term outlook for LNCO will depend on whatever the SEC deems fit for LNCO, compounded with numerous lawsuits that will be a real drain on LNCO's capital in terms of legal expenses and any monies lost in court. And of course, the Berry merger is currently in jeopardy.

      If the SEC uncovers nothing unusual, then LNCO will jump back up to where it was, before the SEC inquiry was announced.

      But here you are Stdennis, looking at some stupid head and shoulders chart formation. Get back into the real world.

30.20+0.12(+0.40%)Sep 19 4:15 PMEDT

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