Fact: The S4 refile is a change in semantics, not a change in substance. Wording is easy to change! Linn is wise to be willing to change their wording to allow the merger to take place. There really is no change in substance to the company or their accounting practices. Sure this adjustment in wording means that shareholders will need to have greater trust in Linn management. But, just like investors had to trust Linn management 6 months ago, we have to trust management still to pay reasonable and honest distributions. In changing the wording, the merger vote between Linn and Berry can (and will) now go through.
The dip in price over the last week is a dip caused by folks who fear the worst and would rather play it safe than sorry. No one likes being in a position where they have to "trust" another with their money. People have sold in the past week because they lack trust. They fear the worst. This fear is inordinate and is being exacerbated by Barron's and Hedgeye mumble-jumble that intentionally complicates because in the grey-murkiness, people sell shares and their wallets are padded.
Bottom line -- there is no actual/real reason to sell. The SEC is done with their INFORMAL investigation. The S4 is approved. The merger is going forward. Stop fearing, start holding, and start adding to your positions.
If so, that explains the slight drop in price, IMO. From all I've read, there's mostly good news out there about Ford and future outlook. I'm confident it's just taking a little breather before edging up into the 20's.
The article title had a few missing parts. It should have read, "Beware [of Missing Out On] The Linn Energy [Upcoming] Spike." I'm back "in" to my current max capacity and hope to keep LNCO holdings for a very, very long time. Gonna be a great weekend celebrating!!!
Americans want what we want when we want it. We have little ability to delay our pleasures for a few days. Investors need to learn patience! My goodness -- F is up 55.38% for the year, even after a confusing, unexplainably bad week. IT WILL BOUNCE BACK. Be patient! Buy on the dip. F is and will continue to be a great stock!!!! This is just one week! Hang in there!!
Who knows?!? For the past 6 months, each time I thought, "tomorrow's the big day," NO definitive news has been given. Hurry up and wait. For the little guys investing in LINE/BRY who don't get the news till after the fact, it makes it nearly impossible to time your buying. To buy today risks a large selloff tomorrow (IF merger deal is announced as dead) OR a huge gain (IF merger is extended by both BRY/LINE). Your bet is as good as any at this point. I lean towards the deal going dead and have thus pulled out and am waiting. If it goes through, I'll jump back in on the tail end of that announcement. Too risky today for my skin to stay in this game. I do wish all of you well who have remained faithful through the typhoons of the last 6 months!! You deserve a huge gain!!!
(1) profit taking. Some jumped in last week when it was climbing up and are taking profits from last weeks huge jump. (2) If you want to own LNCO long-term, it would now be far better to buy shares of BRY which will earn you more shares of LNCO at time of merger. Straight up, (at least this mornings digits), if you bought 800 units of LNCO, those would be 875 LNCO units if you bought them through BRY. Stinks for LNCO holders, but it's true.
I'm still long LNCO and content with the unit price jumping up upon completion of the merger. Depending on timing, I'm also happy to be receiving monthly dividends in the meantime, which may make things closer to even -- again depending on timing and which goes up/down between now and merger date.
Oh-so-sorry chi. It appears that You. Are. Wrong. LINE/LNCO is truly (finally) in a really good position to keep climbing up and stabilize in the early new year with an upward trajectory for 2014. I predict LINE to be upper 30's (37-38 range) by end of Jan and LNCO to be pushing 40's. Distribution increase likely added when price jumps in 2nd (or latest 3rd) quarter 2014. Good times!
Sentiment: Strong Buy
Saldon, you have too much money. Glad you voted "yes" though. It'll help my peanuts (compared to your steak) grow in a meaty direction!
Wow. Can't believe people are selling out in the month before closing the deal with LINE where BRY gets a SMASHING deal!! People are stupid to short BRY right now!!! Completely stupid!!!
Sentiment: Strong Buy
Expect LINE/BRY merger to go through once LNCO price keeps climbing. Wish I would had the guts to add yesterday. I still feel more confident in LNCOs future from here!!!
Better jump in while you can. Once 33 is pressed through, I don't see this train stopping for a while. Good news abounds (finally)!
Sentiment: Strong Buy
Right. Funny how profit taking can quickly become profit losing. Seems like a silly time for folks to get out now, but what do I know?!?!
Yep. Just sold all my holdings in LNCO for a huge loss. My guess is that it isn't as huge as it would me in a few weeks. Get out while you have a little value left, IMHO. But heck, what do I know?!?!? Apparently not much since I just sunk far too much into a sinking ship!!!! Hope those of you who hang in there through these storms get HUGE rewards. You deserve something for your loyalty!!!
Seriously, scrolling through the last several threads makes clear that little "investing" is discussed here and very little that relates to investing in BAC is to be found on this board. Can't you find other message boards for talking politics? Here are a few of my questions about investing in BAC:
1. How will the lawsuits settled last month and the millions$$ that BAC will pay for racial discrimination affect stock price in the upcoming months/years?
2. Did anyone read the articles today on shorting BAC and buying JPMorgan? Thoughts?
3. Anyone read the earnings report and grow concerned or encouraged?
I'm LONG BAC myself and considering buying more at this price. This board offers little to no actual help in discerning real issues related to BAC stock.
I agree. Numbers don't lie. Since Thursdays intra-day high, it's been all down-hill. I'm scrambling to understand WHY. Anyone have ideas what's dropping the price?
Agreed. Not sure what's holding price down. Still up very nicely for the month. IMHO, it's just taking a breather before going back up. Plus, it went ex-div today and some people take their profits on such occasions. Hang in there. It will keep its upward trajectory in the coming months!!! Bulls will keep charging -- even if they do stop to eat a little grass now and then.
Hope you held no_stinkin. Poor shorts are being flushed out while LONGS are putting on their shorts and buying plane tickets to Hawaii with their profits. There's more profits coming. Back up the truck and load em up! 2 months from now, longs will be sitting pretty!!!
So long as you don't mind a little roller coaster ride, it's a good place to be overweighted right now. I expect the real thrill will come after all the dips and climbs conclude with a giant climb after the merger completion. Good luck!