Nice to ask the opposite of yesterday's line of questions. Glad to be "movin on up….to the east side…" I'm guessing 33.10 by end of the week (if next distribution is announced this week). What are your predictions and why?
Oh, just one more reason why I'm confident that there will be a slow and steady rise in share price -- Short interest is clearly dropping! Just looked and after yesterdays market drop, shorts saw their opportunity to "exit stage right and get out while they can." Short interest is now at 8.18%. That'll be cut in half in the next month, and soon will be below 2%. Why? Because LNCO is definitely going up in 2014 and it's a dumb place to short shares!!!!
There have been a few mentions of the distribution announcement's effect on share price. Unless they announce an increase, I don't understand why there should be any effect. In my opinion the current distribution is solid as the Rock of Gibraltar and I can't see any reason to expect an increase in share price based on a known quantity. Then again, I hope I'm wrong. Any thoughts?