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Linn Co, LLC Message Board

rogerc39 4 posts  |  Last Activity: Oct 17, 2014 1:49 PM Member since: Mar 9, 2005
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  • Reply to

    Falling knife.

    by danreeves1982 Oct 10, 2014 10:02 AM
    rogerc39 rogerc39 Oct 10, 2014 11:11 AM Flag

    Saudi Arabia supposedly needs 100 dollar oil to fund its budget. However if oil is a little below 100 Saudi has a mere 400 billion dollars in reserves available to make up the difference. Saudi could take several years of low oil prices easily.

    Sentiment: Buy

  • Reply to

    Edgar filings on Ackman and PAH

    by spirallocks Oct 13, 2014 6:19 AM
    rogerc39 rogerc39 Oct 13, 2014 8:35 AM Flag

    Ackman is a clown maybe but I got a six-bagger following him into GGP when it was in bankruptcy. He has had, and will have in the future, his moments.

    Sentiment: Buy

  • Reply to

    Options

    by jim06744 Oct 17, 2014 1:00 PM
    rogerc39 rogerc39 Oct 17, 2014 1:16 PM Flag

    I am short a few January calls. Etrade changed the symbol from SHLD to SHLD2. The contract was changed to me delivering 100 shares of SHLD and 100 rights if the calls get exercised. The rights will expire in a couple of weeks or so. I imagine they will use the final trading price of the rights and make me deliver that in cash along with 100 shares of SHLD. Maybe some formula to determine the amount of cash. Maybe a little cash for the rights even if the contract expires worthless as far as the stock itself is concerned.

    Sentiment: Sell

  • Reply to

    Options

    by jim06744 Oct 17, 2014 1:00 PM
    rogerc39 rogerc39 Oct 17, 2014 1:49 PM Flag

    "They" will likely tell us exactly what to deliver once the rights have expired. Never been in this type situation before so just guessing. Maybe if the rights expire selling for 40 cents "they" will make folks like me who are short the calls deliver 40 dollars per call immediately. But if so who would I deliver it to? Would it complicate my income tax return for a piddling sum? Reckon we just wait and see. As you say a minor thing really but interesting.

    Sentiment: Sell

LNCO
23.69-1.10(-4.44%)Oct 22 4:00 PMEDT

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