In case no one was watching with the earnings announcement tomorrow, LNCO has cut the premium to LINE to under $1.00. This has been a slow but constant closure of the prices and I stand by my earlier prediction that LNCO will get back to its former premium over LINE. GLTA
Could be, but tomorrow it might be right back down again, it's the random walk. If you bring up a chart of LINE vs. LNCO for the last three months, I defy you to find any pattern. The gap looks pretty consistent to me, wider sometimes, narrower others, but on average just about the same.
Where should it be? Darned if I know, we are all aware of the tax trade-offs (some more confused than others). It's entirely up to market perception, and this year it's been about a buck down. The market rules on this one.
Well, we're into the closing mode again on the premium. It appears to me the institutional buyers who got LNCO for their BRY shares have sold about all they want to and other institutional buyers are showing a pronounced interest in LNCO. GLTA