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Linn Energy, LLC (LINE) Message Board

  • Rusty_Wallace_Fans Rusty_Wallace_Fans Sep 16, 2008 1:00 PM Flag

    LEH had LINe as its 7th largest holding

    no owonder we are being sold off today at LINE. It was LEH's 7th largest hlding in dollar value based on NASDAQ.com site. That is huge for us as they were huge. I guess we will find a buying opportunity but I don't know when. HAve thought about buying call options but with genral market, I might miss the timing and end up with nothing.

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    • "timing" -- That is the problem with short term options. There may or may not be enough time for a market recovery.

      I figured that with all the declines in energy-related issues I would just add some more EVEP, LINE and BBEP today. I looked at buying some LEAP options on AIG, thinking maybe a spread position woul dbe interesting, but the 2010 $2.50 leaps were over $2 so I just went long some AIG shares at about $3. This is a pig in a poke buy since I have done no due diligence, but due diligence isn't much use at the moment anyway and my "buy good companies when things look worst" tendency seemed to fit AIG, except it is hard to tell how good any financial company is anymore.

 
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8.95+0.04(+0.45%)Jul 1 4:00 PMEDT