"I have become Mr. Linn Energy (LINE). I don't want to be. I happen to like the stock" Jim...


"I have become Mr. Linn Energy (LINE). I don't want to be. I happen to like the stock" Jim Cramer writes, citing the Berry Petroleum (BRY) merger: "It's an incredibly valuable property, much more than I think most people realize." Short-term traders should stay away, but for long-termers, the Berry deal - if it goes through - is a huge win for LINE shareholders. "If it doesn't, it will be because the bear raid worked."

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Comments (9)
  • P. Dennis
    , contributor
    Comments (401) | Send Message
     
    This debacle is a prime example of who retail investors are afraid to invest their hard earned money in the stock market. Naked manipulation is apparently approved by the SEC, and mom and pop have learned all too often that unscrupulous people want to get their hands on their shares at artificially low prices.

     

    I'm not sure why the SEC doesn't institute rules (such as uptick) to prevent this, but I suspect it's because the authorities believe in survival of the fittest above all else. What we're witnessing with LINE is their philosophy in action. How many retail investors have been shaken out of the market, and sold their shares because they were terrified? How many will never return?

     

    Isn't it time to recognize that extreme social darwinism represented by the lack of an uptick rule serves to legitimate purpose, other than allowing the little guy to get screwed?
    19 Jun 2013, 06:39 PM Reply Like
  • montanamark
    , contributor
    Comments (1456) | Send Message
     
    thank barrons for this crap - short instigated hit pieces that are republished over and over - someone needs to sue cause the SEC does NOTHING for investors
    19 Jun 2013, 07:42 PM Reply Like
  • Chancer
    , contributor
    Comments (4373) | Send Message
     
    Regulators (SEC, Dodd Frank, Fed) all work to serve the interest of Wall St. big money. Small retail investors are at the mercy of big money and big government working together against them.

     

    This is why I believe all shorting and program trading should be illegal. With enough money, they can manipulate the price of any stock- just because they want to. The big guys do not make their money by investing. They make their money by manipulating markets; and government regulators support that.
    20 Jun 2013, 10:37 AM Reply Like
  • Friscojb
    , contributor
    Comments (13) | Send Message
     
    we have been long LIne and Linco quite awhile. Linco got called at 40. Last Friday I bought BRY due to the arbitrage. This is a deal made in good places. It is no Ponzi. I have reped Ponzi types. It is real. I believe because i read. I also believe JC. If we are wrong and the bear raid is successful, we need legis. I go with Cooperman.
    19 Jun 2013, 07:55 PM Reply Like
  • arthur_bishop1972
    , contributor
    Comments (4385) | Send Message
     
    Can't believe that Cramer has gotten this influential...yikes.
    20 Jun 2013, 03:13 AM Reply Like
  • Vartu
    , contributor
    Comments (247) | Send Message
     
    Yeah, Cramer and his "mentor," Leon Cooperman helped prevent the attacks from driving the LINE price too far down. It was a good chance to buy at $29.xx.

     

    Cramer catches a lot of flak, but how many other stock pickers do a whole lot better? Cramer and his support staff give us a basis to go from, and then we have to decide if we agree or not.
    21 Jun 2013, 10:52 PM Reply Like
  • smurf
    , contributor
    Comments (6273) | Send Message
     
    If Cramer's bullish, it's time to sell.

     

    Long LNCO.
    20 Jun 2013, 12:36 PM Reply Like
  • Richard Waldren
    , contributor
    Comments (269) | Send Message
     
    Things like this happen because the idiots in power hire morons and moronetts to staff all of these important offices without thinking about their qualifications to be able to execute wisdom needed for the job. But hey, what the heck, if you want the USA to fail, then this is what you do. Besides they contributed to my campaign and I want to help them out. The uptick rule was in place in the Bush admin. and this was one of the things that brought down Lehman Brothers and Bear Stearns. All the shorts piled on, and the rest is history.
    21 Jun 2013, 01:37 AM Reply Like
  • Mattster
    , contributor
    Comments (165) | Send Message
     
    Now what do you think of Cramer
    2 Jul 2013, 02:35 PM Reply Like
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