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Linn Energy, LLC Message Board

  • ruby.thedyke ruby.thedyke Aug 23, 2013 11:05 AM Flag

    Another pointless week of dramatic moves

    Just like last week, though not to the same extreme, we experienced another big move to the downside mid-week, on absolutely zero news, only to see the damage reversed by Friday, leaving us around $25 . . . again. Once again, a bunch of retail holders no doubt were spooked, sold in a panic and left their money on the floor.

    I didn't happen to slurp up any of that blood, the down move wasn't enough to draw me in given I already have a full trading position bought further down, but what was the point, and what was the cause of this silliness? Who sold, why, and was the unit price manipulated, and if so, by whom? Naturally us peons will never know the answers, but if they really wanted to accomplish something to make financial markets transparent, it would to reveal real-time information on large lot trades so that the average schmo could see what's really going on.

    In the meantime, nothing mattered this week, and nothing will matter until the SEC says something the company can disclose.

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