If GSI can break above $1.40 sh., it would more than likely be a pretty good breakout toward the $2.00 level. The volume is starting to show that move already, but it could also be a fakeout. It's been held down so, so, long that it appears to be a real upside move to me. Let's see if it can attain a $2 trade in the near future. Cance takers looking pretty good right now. JMO.
ortho, if you don't mind my asking, what program or website do you use to find a big option play like this? Is there some screener that you use to see a big increase in a particular option play like this? I don't see how this is available oh Yahoo finance, so any help would be appreciated. TIA.
This happens all too often, where shorts and downgrades happen. Somebody wants alot of shares, and if you think about it, a great yield of 10% while you wait for additional share price appreciation that will happen this year. The dividend at this level appears to be safe for an indefinite period, as the company has great cash flow.
Being Long doesn't feel good today, but when the noise subsides, I expect to be rewarded handsomely. GLTA
Looking ahead to 2014 LINN Energy expects its production to be in a range of 1,070-1,140 MMcfe/d. Given that production range as well as its current projections for commodity prices and expenses, LINN Energy expects to produce $12 million in cash flow in excess of its distribution in 2014. That should ensure that the company's distribution to investors remains strong in 2014.
Indications and opinions (for what it's worth) are that LNCO should have pretty good news out before tomorrow's open on 02/27/14.
I've been long both shares and options on LNCO and LINE and just today added with Aug $31 calls on LNCO.
Expecting good things to happen short term, with enough time decay left if it takes awhile. We'll just have to wait and see how it plays out, but putting as many things in your favor is more favorable than playing cards in Vegas. If it doesn't work out, there is always a repair strategy, but optimism is pretty good for playing these two symbols to the Long side.
I see a $34-38 S & R for a pretty good trading range, and I'm willing to get paid 5 1/2% while waiting. Just trying to put as many things in your favor is prudent, but no guarantees. I like the way it's setting up, even with all the noisy news about lower consumption, exchange rates, blah, blah, blah.
This is a company I've been very happy with for over 20 years, and believe that management is shareholder oriented. JMO.
If there are any long term shorts left, max pain is a good probability. Daytraders, may have occasional success, but they're spitting into the wind. $40's looking like a better bet now. JMO
Everyone that is posting about Line's share price action today, after the merger should realize this.
"In connection with the transaction, LinnCo has issued 1.68 common shares for each common share of Berry outstanding as of December 16, 2013, the last trading day prior to the completion of the acquisition, totaling approximately 93.6 million shares. The transaction, which is structured as a stock-for-stock merger between LinnCo and Berry is expected to be tax-free to Berry stockholders."
The share price was artificially held down today.
This is a BIG positive for Line, so due diligence would be warranted. Any other bashers are either very naive, or they're trying to pick up shares on the cheap, or they just plain blew it and now want to cover a short position.
LINE and LNCO are going to challenge the 52 wk high in due time. It's JMO, but the odds are heavily in favor of price appreciation for both.
Sentiment: Strong Buy
....begins on Monday 12/16/13. We just don't know at what speed. My guess would be about 6 mos., but it's just that..... a guess on the timeline. The price will get there within the next year for a new 52 wk high JMO.