Well the 200 day is currently $28.14 so I don't see it falling too much from here at least not staying down. There is always a chance of wild swings especially if someone decides they want out at any price, like at the open today. It has recovered somewhat but this could repeat itself again, unfortunately. The key from my vantage point is buying kicking in at lows and seeing it move back up. I'm prepared to add a little more the next couple of sessions if this pattern continues.
There you go I admit it, nothing works here especially in short term. Not fundamentals and especially not TA. I'm glad I got that off my chest anyone else want to confess? Anyone?
I hope that was the bottom as well. I put my money where my mouth was and added some more at $28.75. I own way too much of this stock right now, hope it eventually pays off.
The only one I saw was this:
Thomson Reuters/Verus downgrades LINN ENERGY LLC from BUY to HOLD.
BY Investars Analyst Actions - public
— 11:12 AM ET 03/10/2014
On March 10, 2014 Thomson Reuters/Verus downgraded LINN ENERGY LLC (LINE) from BUY to HOLD.
The 200 day is $28.16 and the 50 day is $31.90. I'm betting it bottoms at around $28.75 or so.
So you're saying the weak handed public are the only ones buying ALL of these shares? The volume of shares traded the last few sessions is many multiples of normal trading volume and I can assure you it's not just retail. Eventually this will pause and fall back as all stocks do and I'm sure you will scream from the rooftops that the big boys screwed the little guys again. Face the facts OP your TA didn't work this time!
7 x the normal volume and up over 8% and you say the big guys are "selling hand over fist". Do you really believe that OP? If SKULLY was down on high volume what would you say? I think you missed this one OP.
I like SKUL and I like APPL even more but why would a company who invented iPhone, iMac, iPad, iPod, etc, etc be interested in acquiring SKUL? Don't you think if AAPL really wanted to seriously enter this space they could come up with their own, top of the line headphones? They have bigger fish to fry, believe me! PS the same goes for Sammy and Goog.
Actually Oppenheimer made a negative comment a few days ago on the 4th that you must have missed. They said, "Despite optimism surrounding Berry and the Permian acreage, we continue to believe the same core issues plague the company, including high decline rates and significantly under-reported maintenance capital spending."
Was this another hit piece? Decline rates are just one piece of the puzzle that determines the economics of a well and Linn had all ready decided to drop the use of DCF to complete its merger with Berry so what was Oppies point?
How about distributable cash flow. (DCF) was $202.5 million, or 81 cents per unit, compared to $176.6 million, or 78 cents per unit, a year ago.
You understand your paying $1.05-1.15 up front and $35.00 at the end of the contract if you hold it that long. So the person selling the call could get at least $36.05 or $36.15 and will collect all of the dividends until contract ends which could be another $5.76/ share if divvy stays at current level for a total of almost $42 bucks which would be almost 35% over 2 years, not including what they do with the up front fee and divvy"s collected. Not too shabby for the writer!
Not sure about the overreaction but this was a very disappointing announcement. Guidance is the big issue, with DGI projecting 2014 revenue of between $630-$660 million. That is way below the $710.3 million consensus. Projected adjusted EBITDA margins of 43% are also below the 45% expected by analysts. This is down for a reason and I'm sure it could linger because confidence in management had to take a hit as well.
Yep it's all Obama's fault. Trying to get something accomplished with the single most contentious Congress in US history has nothing to do with it. Remember in Dec. 08 and in early January 09 when the secret meetings led by House GOP whip Eric Cantor and Senate minority leader Mitch McConnell laid out their "no-honeymoon" strategy of all-out resistance to President Obama. “If he was for it,” former Ohio Senator George Voinovich explained, “we had to be against it.” Yep it's ALL Obama's fault. I suppose if GW and Big #$%$ were still in office we'd probably be looking for a war to jump into, you know to help out the economy and Halliburton of course!
"Instead of doing everything you make money on others and they say thank you. It is a very tight nit community here."
Wow spoken like a true friend. My brother-in-law started his own painting business 20 years ago and at one time he had 9 or 10 guys working with him. All that changed a few years ago when his business dried up and he couldn't keep himself busy. Now he works as a janitor in a hospital and does an odd painting job every once in awhile when an old customer gives him a call. BTW I know the Outer Banks VERY well and it's no longer a sleepy little fishing town. Nags Head is so congested with shopping centers and new construction I now drive another hour to Buxton just to get away from the madness.
So you grew up in the 50's as did I. How many family's in your neighborhood needed both parents to work just to get by. I remember a couple at most and the majority of the family's including mine had stay at home Mom's. So just because your kids are doing fine with great jobs everyone else whose kids are having a hard time come from homes with horrible work ethics huh? Spoken like a true humanitarian with blinders on. Please don't call me friend, as the saying goes with friends like you who needs enemy's.