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LINE - risk-reward
Old 06-15-2013, 09:49 AM   #1
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LINE - risk-reward

Seems like all the articles and opinions I read are positive, there is the forthcoming purchase Berry Petroleum. But somebody sure doesn't like it and is selling a lot, do they know some inside info?
I decided to buy 2015 in the money calls and forgo the dividend. Hoping it will hit 40 by then.

Anyone else here follow this company?
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Old 06-15-2013, 10:15 AM   #2
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There were a couple of negative articles from Barrons that were suspect because the authors ties to a hedge fund that was short LINE. Most of the other reports I have read are positive.

I picked up some around $34, looking to add some more.
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Old 06-15-2013, 04:07 PM   #3
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Originally Posted by rbmrtn View Post
There were a couple of negative articles from Barrons that were suspect because the authors ties to a hedge fund that was short LINE. Most of the other reports I have read are positive.

I picked up some around $34, looking to add some more.
I know little to nothing about this MLP. However, if a hedge fund has a large short position, and they are laying out all the distributions to maintain this position, I would at least try hard to understand their thesis.

These guy scan surely be wrong, but they are rarely off the wall.

Ha
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