WE, may see parity today!
How odd, a buck gap holds all year, with some ups and downs of course, and suddenly in the course of a few days it vanishes. The only apparent catalyst was that one analyst comment, but why would that change the behavior of the entire market? Weird.
Agreed, coochy, I really never understood LNCO's previous premium either or that demise!
Just happened. Getting close to taking my spread off.
Just took off the spread at LNCO .04 over LINE. Took a lot longer than I thought, but with a profit of $2.10, I'm not complaining.
Someone has been converting Line to Lnco all week.
lord, that does not make sense to me. Looking at today's volume, LNCO only has about 1/2 of LINE volume. If someone were converting, wouldn't they be closer together?
maybe line is buying back LNCO and issuing equal number of new shares of LINE through their ATM program and then capturing the spread.
Believe you are right.