This is not a recent trend. From its inception, LNCO traded at a premium to LINE. LINE has only traded at a premium since early this year. The markets for these 2 stocks (units) are unique, with LINE being mainly institutionally owned while LNCO is mainly retail / individual.
Thanks to Tex I sold at $14+ and felt like I was selling way too cheap. Now I keep wondering how low it can go if it survives. Oil prices are like a force multiplier to all their other woes, not to mention tax loss selling. Seems like the Perfect Storm.
If you like the idea of gun control, try living in Chicago (better chance of getting shot dead than during the Iraq war) or Washington, DC or Detroit. Some of the toughest gun control laws in the US. About the only businesses in Ferguson, MO that weren't looted & burned were protected by their owners with their guns. Remember the old saying: "When guns are outlawed, only outlaws will have guns." Try living in reality instead of your liberal Utopia.
Hey Simeone, I've about given up on MCP for now, but I think it is a GREAT time get into HYGS. They had some minor supplier isses in Q4 delaying some shipments, but that will only make Q1 that much stronger. It seems that all alternative fuel types are getting hit with the drop in oil prices, but that won't last forever. All the major automakers are starting to build fuel cell cars and Japan & Europe are making major commitments in Power To Gas which will be HUGE. They have a lot MAJOR projects in early stages. MERRY CHRISTMAS!!!
Thanks to you both. Maybe a little of each, but the timing fits with the Yellen talk. Traders may have used that. We'll probably never know for sure. Have a GREAT Christmas Holiday!
I'm sure you realize that an intelligent short seller can hedge his position to protect himself. Of course if he shorted in the high $20's or low $30's, he's not overly concerned with hedges. In other words, they're not all MORONIC SHORTS. As a matter fact, I'd be willing to bet that for the past few weeks they've made WAAAY more money on LNCO than you or me.
Good to hear from you as well. Over the years I have come to the conclusion that I am a lousy trader. So I try to find companies that I like, research the heck out of them and ride them out. In hindsight this has cost me untold numbers of trading opportunities, but hopefully it pans out in the long run. LNCO & HYGS are prime examples. They both fell much greater than I expected, but I used those drops to increase my position. Never sold a single share. At least LNCO gives me a nice little payday every month. HYGS had some issues with product deliveries in the 4th quarter, but that will only increase the 1st quarter next year. They should be the first Hydrogen related company to show a profit. With their current and future technologies, I see an awesome future worldwide. Best of luck and have a GREAT Christmas Holiday Season!