The only problem I have with Linn is that they are going belly up. Senior notes are trading at 65% discount and clodirick thinks that is good investment, maybe you have same opinion but I don't.
I am down about $1000.00 on 1500 shares and have no tax advantage with a loss, if they are not bankrupt I can wait for the bottom and average down. From what I can see there is another 700.000 shares that came in for the divy to be washed out.
What are you? Stupid or blind, just look at the ARR and JMI or do you need to get off funny stuff.
You are so right. My EOD bid $4.43 did not get filled and 5 minutes latter $4.36 gets filled, reported it to SEC lets see what they do tomorrow.
All depends how much are you holding, I came in at 7.50 so I am down and thinking same way you are but if this opens tomorrow at 4.50 and they drive it down could be a better play.
I don't thing you are missing anything and don't forget that stocks with low volume are easy to manipulate. Today action is down on 100 shares and than a large buy, like 2 minutes ago down small and then somebody unloads 5000 shares. Naïve investors are running scared.
We can guess all we want but PPS action did not make any sense since they declared the divvy. There is no short interest to speak of that is why blame chicken investors for bailing out and driving the price down. I think that company will be sold the only question is the price.
You make good point but the fact is that they said that certain data will be released in Q2.We will find out what it is on Tuesday morning.
Most of the guys posting here are divvy hunters or price chasers based on divvy runs but most of you are betting on low value BDCs, mReits and other stocks that give you small returns. Why don't you go after stocks that give real chance to make money, BDCs are peanuts.