A rather strange observation given that LINE has been building a base and has moved higher at the end of the week off that base.
In 10-11 trading days, LINE should have its ex-dividend date and the stock has traditionally moved higher during that period. Whether that trend holds should be revealed next week.
One factor keeping the stock down earlier in the week may have been ETFs devoted to investing in MLPs had three new ones come to market today. In anticipation of that event occurring, they may have been raising some cash by selling some LINE shares, so they could buy shares in the new MLPs.
This coming week's announcements are more likely than not, I believe, to lend the uptrend even more momentum. And I'd say this even if I didn't own a bushel of Feb 35s. I'm crossing my fingers for good Hogshooter numbers.
Looks like Line investors may be selling line to buy lnco which drives demand and ask price. If this continues technically we could see divergence in stock price which will not bode well for line holders? Is this possible?