Many investors will be sorry that they did not buy LINE at $22 because it was priced at the "steal of the century" price. Wall Street and the stupid games they play - many of the mom and pop investors have sold at a big loss. The SEC will turn up a big fat NOTHING - because there is NOTHING to find wrong with LINE. I do think that LINE will hold $20 because most of the panic selling has already taken place. Will be surprised if LINE closes red again on Friday!
As a result of the investigation and persistence of this hedge fund the number one issue that has management worried tonight is the cost of capital. This isn't the same situation where if Devon or Hess fell this much under the same circumstance that smart money would come in and buy hand over fist.