-- Buying 500 shares of Line Energy (LINE:Nasdaq) at about
-- Buying 100 shares of Timken (TKR:NYSE) at about $52.41.
-- Buying 100 shares of Xilinx (XLNX:Nasdaq) at about
After you have received this Alert, we're going to buy
another 500 shares of Line Energy (LINE:Nasdaq) at about
$31.13, 100 shares of Timken (TKR:NYSE) at about $52.41 and
100 shares of Xilinx (XLNX:Nasdaq) at about $45.32.
After our trades we'll own 1,500 shares of LINE, or 1.5% of
the portfolio, 1,650 shares of TKR, or 2.8%, and 1,600
shares of XLNX, or 2.3%
Sent: 11/1/2013 9:53:21 A.M. Eastern Daylight Time
Subj: Action Alerts TRADE -- LINE
Friday, November 01, 2013 9:52 a.m. EDT
-- Buying 500 shares of Linn Energy at $29.78.
We are going to buy 500 shares of Linn Energy (LINE:Nasdaq)
at about $29.78.
We are moving this stock to a One rating from Three.
Today, the SEC officially ended its inquiry tied to the
company's accounting practices. The stock is down 14.5%
since the SEC announcement and with this overhang lifted we
see shares moving higher in the near term. Importantly, the
distraction is out of the way and management can now focus
on growing its business and rekindling the Berry Petroleum
company will hold a conference call on Wednesday Nov. 6 to
discuss its 3Q results (that were released on Monday evening
and were better than plan) and to provide an update on BRY.
The combined entity has an NAV of $40/share, so there's
ample upside from here.
After our trade we'll own 1,000 shares of LINE, or 1%.