Why is LNCO down over 1% when the rest of the market is up and there's so much good news on the horizon for LINN with the Berry acquisition right around the corner, promised raise in quarterly dividend, moving to monthly payouts. It's all good news while market is going up. Yet, stock is dropping. Please explain!!
No idea, looks like a sell program in LINE and a pile on. Cant find any real news but if there is any, someone knows it. After finding out that Thompson Reuters sells info before it is officially released, I wouldnt be surprised. That said, it could be just profit taking by someone who thinks interest rates are strong enough to indicate that the FED is slowing bond buys. Personally, think the world econ looks awful and that Ben B might actually have to raise bond purchases at some point again. The numbers outside of some retail look pretty bad to me. But, you buys your tix, lol.