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Linn Energy, LLC Message Board

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  • stdennis44 stdennis44 Oct 25, 2012 4:30 PM Flag

    LINE/LNCO Relationship

    Makes no sense at all but glad I own the LNCO shares.

    Sentiment: Buy

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    • It does make some sense when you consider the easy profits to be made by those who bought at 36.50 for some quick trading. Then there are the underwriters who purchased nearly 5 million additional units at about 34.30. Both categories of traders seem to be dumping at a nice profit. And why not? I'd do it too. Also, it doesn't take much sell-side pressure to prevent a stock from advancing much. When will it be over? I initially figured a few weeks, but that was guesswork naturally. I'm curious about how this'll play out come ex-div day. (Next Thurs.?) and the day after. A pop is due unless LINE craters.

 
LINE
0.18+0.03(+16.13%)May 23 4:00 PMEDT