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  • Linn Energy (LINE) -9.9% premarket after saying the SEC has opened an informal inquiry into its financial disclosures and its pending merger with Berry Petroleum, its use of non-GAAP financial measures relayed to investors and its hedging strategy. The SEC action comes amid scrutiny from financial media and research firms into the driller's financial health. LNCO -12.3%, BRY -6.8%[View news story]
    The shorts see a crack in the armor and will come out full guns blasting. Next will the class action law suits and then a negative article in Barron's to help shed more doubt driving the price further down. I am amazed at the market manipulation abilities of professional short sellers.
    Jul 2, 2013. 04:59 PM | 1 Like Like |Link to Comment
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