Herb Greenturd was sitting right there at the lunch desk and did not chime in with bad thigns to say about LINE. That is really strange considering he tries to short / bash everything he can.
you got your wish. CNBC noon crew took over LINE story. They were not encouraging as to teh deal going through soon or even at all. They said to buy BRY and the one guy confirmed illegal insider trading is alive and well (not being investigated by SEC) based on trading a few weeks ago before added news was released about SEC inquiry or third layer of Barrons articles. It is criminal (even if LINE is defective) for crooks to trade as they have before press releases or other news is announced.
FINALLY they just had a story about both LINE and BRY. (They must be reading this board...ha ha) Seems like things will take a while but they way I understood it, there was no real added info than what we already know. Might take a while for this thing to play out, but nothing was said along the lines of the merger being a dead issue. I am sure CNBC will post a video about this on their site by the end of today.
I've heard nothing. With all the complexities of LINE''s accounting methods being analyzed be this firm and that, I'm beginning to wonder if they really understand what the hell is going on. I certainly don't. Does the SEC? The talking heads on CNBC don't want to talk about what they don't understand. I guess we'll find out sooner or later.
Probably waiting until tomorrow and spin it as if they knew what they were doing all along. Its almost the same as if I just go out right now and upgrade things that are way up, and downgrade things that are way down. Makes someone look like a genius to all those not paying attention.
I was wondering the same thing. A few weeks ago, when it was at 29.10, Cramer said something about "there are actually classes being taught on how to short stocks and using LINE as their example." All the next week, it runs up over $34. I might've missed it as well, but it seems like something would've been said about it and BRY at least more than once.
Totally agree.... Was waiting for something even before the bell. Not a peep! THEN you hear that Cramer sold some of his position (if not all)... Maybe, THAT'S why? He can't go public with what he is trading at the time....?.. so CNBC stays quiet on his behalf?