Not to long ago Linn pulled back to $35 ish than bounced right back. I think this is a similar situation. If you wait for $34, you may miss the move. I'm averaging in right now, bought 25% of what I want to buy and if it continues down I will continue adding to my position. This is nothing more than a sector rotation with supply of shares exceeding demand for now.
i love how when stock goes dn everyone throws out would buy it 3-4 dollars lower...when at highs, everyone loves it there and happy to stick. if you like LINE, buy more here, it is fully hedged basically thru 2017. not alot risk if you think beyond next 30 days
Well the oil report came in yesterday. Even though the supply was up a bit. But the build in gas and o LINE could see a pull back of another 1.00-1.50. So why hurry to buy. If you get a bounce then that would confirm that it has hit the bottom. You won't miss out on a buying op because LINE doesn't go up 3-4.00 in a session. But i am sure the igmatic norris has said the opposite because he is the wealthy one here that is creating jobs for his pool boy,gardner and house cleaner. You know he is the editor of the WSJ.