Who cares what the forward EPS is...we will not know the true EPS until the second quarter of next year. It is not $10 EPS that is for sure. Gild = Death - if you are not long term you are in for a lot pain.
Sold half and bought the half I sold at $93.75. Wow - Express Scripts can do damage to a company. Hoping this is a one day event but my gut says the pain will continue all this week. Ugg!
I've been there before many times. It depends how much of a lose you have and if you think the stock will be lower. I sold at $23.01 back on Nov. 4th (with a pretty nice lose and could have been much worse if I did not) and got back in at the price posted. I did not like the guidance for the 4th quarter and figured LNCO would be lower from where I sold it...As with most stocks hitting 52-week lows they tend to test the lows again at some point (I've been wrong before). I am not sure were LNCO will be in 30 days but the fundamentals are not that strong with oil at $55 to $60. They will also be reporting in Feb of sometime - I don't see LNCO going much higher and see it testing the lows (all in a 30 day period). There is still a lot of risk owning LNCO going into Jan & Feb. I would take the chance and sell but I am not you. Sometimes it works out and other times you miss the boat, but there are many other stocks out there that you can buy with the sell of LNCO.
I really hate the wash rule because it makes me hold on to a lose longer because the fear of selling at the bottom or on the verge of a breakout to the upside. Good luck!
I am back out at $11.85 - I am typically not a trader but I see LNCO testing $9 again and at that point I will buy back in. I feel lucky to come away with a minor profit - try this again.
If it goes down near the 52-week low again, I will add a little more. If it does not - then I missed the bottom and o'well.
I would like to say bottom but most bottoms are not this easy to predict. Most bottoms need to form some sort of a base - hope I am wrong but I doubt it. Since every oil stock is popping I would say this is nothing more then a short covering rally.
"Baird downgraded Linn Co, LLC (NASDAQ: LNCO) from Outperform to Neutral with a price target of $10.00 (from $21.00)." I would provide a link but Yahoo does not allow or website. Yahoo sucks!!
If you are not long and want to get out, tomorrow will be your chance. I do not see this bounce lasting more then a couple hours. LNCO will continue to trade with oil. The only news that will have any meaning is when Linn Energy reports 4th quarter in Feb but I suspect that it will be a disaster of a quarter (given what they said in the 3rd quarter). Guidance will be key as is with every quarter.
Can't Linn Energy use LNCO as a vehicle to buy land with out using cash or debt (I believe this is why they created LNCO in the first place)? Use LNCO as a form of currency/all stock deal?
Well if he did have information about it being cut to 0 before everyone else knew, that would be illegal insider information. No one knows besides Linn Energy.
I think it would be best for Linn Energy just to cut the dividend/distribution. Obliviously no one believes that they can maintain it (except the few here at Yahoo message boards). I don't - especially if oil is still in the $50 range by June. I am tired of talking about the dividend being cut - just cut it already and be done with it.