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Linn Energy, LLC Message Board

  • garp001 garp001 Aug 16, 2013 4:01 PM Flag

    Linn gets buy option expiration

    Looks to me like there is no short pressure on Linn. If the short were going to do something, they would have done it today. Perfect setup with low volume, but no one is home. Approval of S4 is the next catalyst. My price target was not hit so I will move to better opportunities. GLTA

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    • I agree with your opinion on the short pressure. If ever they have been active, it has been on low volume Fridays and this morning was particularly low volume and ripe for them to attack. Personally, I think it would be foolish to be short here. A lot of bad is priced in and any good news could send this stock to $30+ before one even has a chance to trade with a positive pre-market release.