LINE is an E&P; EPD and ETP are pipeline MLP's. By the way, Linn's bonds are back to 105 or so. Bond buyers have figured out shorts don't have the story right. I was happy to get some of Linn's bonds about par when the SEC business was announced.
At least a month ago, Merrill Lynch said the current distribution could be continued with or without the BRY deal. Their target price without BRY was $30. But as I said, that was some time ago now.
There seems to have been less shorting activity today. Perhaps Hedgeye is losing credibility as word gets out that their LINE analyst is a 26 year old who was McCullough's hockey buddy--and Hedgeye is his first job out of college. I sure wouldn't sell my shares based on that quality of information.
Someone bought 1000 calls for TRP. Rumor figures pipeline okay will be part of bargain to raise debt ceiling.
Cramer hates stocks with bad headlines. He sold BP about $30 a share because he didn't have the ability to assess or the courage to hold. Read his book "Confessions......" He panicked multiple times when he owned his hedge fund and only avoided certain catastrophe because of his wife's cool head and ability to make decisions under pressure--and later because his partner was able to "see the forest."
Cramer has an amazing amount of information on a huge number of stocks, but his judgment isn't that good. That's why he uses Stovall's method of "There Is Always a Bull Market Somewhere." (That is Stovall of S&P--read his book and you will recognize Cramer in Stovall's final investing technique.)
Stovall said that technique is ideal is for people who can't discern the market trend (up or down,) so they buy what has been going up on a dip and sell as soon as it tops. Hedge funds must love Cramer because he moves their stocks at their highs and the fools who follow Cramer often push a stock to its zenith, where the hedge funds begin their selling.
mt_lassen, Cramer would DEFINITELY sell if he thought there was further downside risk. All you have to do is look at a chart to see that LINE has bottomed and there is very little downside from here. Stephanie Link knows enough to not want to take that loss. Cramer is talking out of both sides of his mouth, as usual. He doesn't want to be associated with a stock that has fallen; but he also knows LINE will recover soon. It is obvious enough even for Cramer.
Cramer knows a lot less than he pretends. I noticed he told a caller not to buy ROYT--which is a royalty trust--and suggested EOG instead. EOG is a completely different kind of company. Why didn't Cramer suggest another dividend stock? What do you want to bet he didn't know ROYT was a royalty trust? Remember how ignorant he was regarding Annaly?
Cramer used to advertise the Action Alerts for $400. Check out what you have to pay today. Must be embarrassing.
Looks like nobody wants to sell anymore. Like Cramer said, "LINE's too low to sell." Buyers must be waiting for news.
You sound like you have something personal with Howard. If you really were on Wall Street, my guess is Howard "pantsed you" to use a Cramer term.
UBS (rather better known than Sierra World Equity) also gave a buy rating -- see the article at Yahoo for details. Just on LINE, not on LNCO.
Bond market is buying Linn's 2020's up to 106 today (par is 100,) probably because Linn paid interest yesterday and people are putting that money back to work in Linn's bonds.
Zacks upgraded LINE to their NUMBER 1 status of Strong Buy because Linn Energy had earnings surprises in three out of four of the last quarters.
I personally find Zack's to be very helpful for short term calls--which is what they mostly give, based on their proprietary model. You need to use analyst calls the way the analyst intends if you want to benefit.
Zacks is only one of a number of analysts who are currently reevaluating LINE with upside recommendations.
Bobdbeck doesn't sound like a long term holder to me. bobdbeck sounds a lot more like a short trying to discredit Zacks Strong Buy for LINE.
Zacks gave their current strong buy in large part because LINE beat earnings 3 out of the last 4 earnings reports.
Analysts are starting to figure that the SEC has had time if they wanted to do more than the minimal input they've had, so that issue is about to be put to bed.
Also, analysts know the quality of Hedgeye's analysis and the level of their behavior--so those allegations have less weight now.
Shorts are going to get what they deserve if they hold on. Fine with me.
Howard's real estate moves will play out well over your time frame.
Traders have to be nimble because BGCP moves a lot on news--in both directions. If you get caught in a downturn, you have to wait for the next good news. Or the next quarter.
Buffett holds his stocks as investments. Buffett says a speculator gets a speculator's returns.
Nonetheless, trading can help you build up a stake.
The payout ratio is something like 70%--that is excellent. Who are you trying to kid? And the insiders were BUYING, not selling. The stock is a risk because of short-sellers who don't mind lying and planting false information.
Don't listen to the put sellers and the shorts who want this share price to fall. Do your own thinking and know what you own. Think about it--why are these people so active on this board if they think the stock has no prospects?
Do you post endlessly when you have no agenda?
Not idiocy. But you might have to wait some time to see the turn. Once shorts knock down a stock, it has a lot of ground to recapture. People get very negative.