The news out on BWP has scared a lot of weak hands out of LNCO and is presenting a buying opportunity. I firmly believe Line & LNCO will end the year at a higher price than that at which they came into the year. Natural gas and domestic oil demand is growing, the economy is growing, and the unfounded investigation is behind us. Also, the Berry acquisition will begin to bear fruit.
Cramer takes such a beating on these message boards for no good reason. I don't know if it's because people have bought some spec stock and lost money (He clearly tells people when the stocks are for spec plays only.) or it's just envy, hate, etc., but people should not let their emotions get in the way of their investing.
I don't watch Cramer every day, nor do I invest in every stock he recommends, and Cramer would not want people to do that--he stresses people should do their own DD and homework. That said, there are far too many stocks listed on the stock exchanges for me to research every stock so I am always open to investing ideas on which I can do further research. I have made money on some his ideas as well as ideas I have gleaned from other sources.
Lastly, Cramer's Action Alerts (of which I am not a member) beats the S&P 500 so those who take the advice of doing the opposite of what Cramer buys or sells will eventually find themselves flat broke.
"In the timeframe of 2002 until May 2009 the performance of Cramer's charitable trust "Action Alerts PLUS" outpaced the S&P 500 and the Russell 2000; while the charitable trust accumulated a return of 31.75%, the S&P 500 had a return of 18.75% and the Russell 2000 has a return of 22.51%. On an annual basis, the trust outperformed the S&P 500 by 7.35% and the Russell 2000 Index by 3.33%. "
"We have to wait..." "Should we Hold..."
You sound like a short trying to convince us all to sell.
If you want to sell, then sell.
If you want to hold, then hold.
If you want to buy, then buy. If you want to short more, then short more.
I don't care whether you buy, sell, hold, or fold. Personally, I will hold on to mine.
What's your point? You trying to save me money? You needn't bother; we longs will be just fine.
That's not what I see in the 6 month chart. What I see is an uptrend that began in November, and if you continue the uptrend until March, you are sitting around $2.50.
Is the glass half empty or half full? I believe it is half full.
We had clinical guys in charge when we were rejected two times. Personally, I have been very happy with Eddie's performance. Also, we will get a chance to see him sell the company to analyst and investors next week.
Meanwhile, we will manage just fine without your investment, knowing you'll be much happier keeping your money in a nice index fund.
That's probably a good working strategy, but a trader could get caught with his pants down on this stock. Line got messed up when all that nonsense happened last year that drove the stock price down, causing them to have to pay more dearly for Berry. They need to sell something or partner on a project now to raise cash.
If you sell at 33 and are waiting for 29 when the news breaks of some pending deal to sell or partner, the stock will jump and you will miss out.
Another problem going on in the space is investor anxiety that Obama will eliminate the MLP tax structure. This is also suppressing prices and closing the price gap between Line/LNCO.
I was getting my dividends in cash but switched to stock since the price has gotten so low for now. I will wait it out with LNCO because the dividend is good. GLTA.
No, it is not necessary this time. They made an agreement directly with the FDA to run the Light Study in order to provide more safety data. The FDA will look at this study and decide if it provides the safety data they asked for in the agreement. If it does so, then approval is automatic.
Your hang up on semantics is causing you to miss the big picture of the argument. Back before we had the capability to create electronic money, it all had to be physically printed. Now that the Fed can create it via computer, economists (including the ones at the Fed) still refer to the process as "printing money." The results are the same.
Well, I googled it, and every site that came up disagrees with you. Here's a take on it from Barron's...
I added last time at $1.75. I kept waiting for it to go down to $1.65 again, but it has yet to do so which is why I bought @ $1.75. We keep getting higher lows and higher highs.
Almost 2, 000, 000 shares traded already, Jack. This is not light volume. Not heavy, but not light. Just because a stock is being bought in 300 share increments doesn't mean it is being sold in 300 share increments. A person could put up 10, 000 shares which could sell in increments of 300. With 2, 000, 000 shares already sold, it wouldn't take long to clear out that 10, 000.
At any rate, I think we both agree the stock is about to go up. Cheers!