Probably LNKD management getting ready to boink a intern. I.m staying away from High Beta but i did buy a little LNCO which dropped over 65% Friday as a pure gamble. LNKD will come back not so sure about LNCO.
To post on this MB you are required to talk double down on every drop even if you don't own any stock:) The last stock I was in like this was YRCW in 2013. It went from $50 down to 3 cents and then back to 6 cents for a 300 for 1 reverse split. If you bought a 3 cents and sold at 6 cents you doubled your money, I pulled the trigger at 9 cents and lost half:( Treat this like a Vegas casino better chance for a loss than a win .
What about this naked man did you think was short? LNKD was a Hedge fund darling ,they pumped it in the media now they dumped and are shorting the hell out of it. Don't follow Hedge Funds into high Beta stocks!
With BDC you have a choice between companies that the market considers to be well managed thus lower Dividend and low discount or a company that works all the angles and has earned the distrust of the market with too big Dividends and a discount that is large because the market wrote there inflated portfolio down. This nervous market does not have a taste for garbage at the present time. Look at two ETF/ETN . BDCL is weighted heavy garbage and BIZD which is the BDC segment equal weighted . In good times BDCL is over a dollar higher than BIZD but not now. The only thing a garbage BDC offers is a possible win on a quick trade. MAIN ,GBDC ,hopefully GARS and a few others would be the best hold IMO. I said hopefully GARS because I,m stuck with some:(
Obozo is doing his part by asking for a special $10 a barrel tax to fund clean energy. XOM is probably the only company that can pay the tax and stay in business.
Next week LINE/LNCO can double and or go a Dime on multiple occasions .WTI movement and a good word from management could fuel the rocket. Have not touched this stuff since $20.
ryojec, I looked at your post history in 2011 and you were buying into Jades every brain fart. Perhaps your the only one to fall for the pumpty dumpty?
I bought LNCO for 34 cents. Down a penny, SELL ! SELL ! Call it a deep value play.
That a Hillary Clinton quote is it not? "Iraq has weapons of mass destruction and I've seen them" Now let's roll boys!"