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re: Linn Energy Question

Posted on 5/2/16 at 7:14 am to
Posted by Strannix
District 11
Member since Dec 2012
49532 posts
Posted on 5/2/16 at 7:14 am to
I'm asking the best routes to short it, did anyone read the OP? Is the coming chapter 11 built into the current price? Will it go to zero?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10357 posts
Posted on 5/2/16 at 7:58 am to
Buy puts. At least you have a loss certain with this method.
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 5/2/16 at 10:02 am to
LINE is about to be de-listed and bankrupt is pending...sounds like you missed the short opportunity.
Posted by TigerDog83
Member since Oct 2005
8380 posts
Posted on 5/2/16 at 10:05 am to
quote:

I'm asking the best routes to short it, did anyone read the OP? Is the coming chapter 11 built into the current price? Will it go to zero?


If you want to gamble you would be better off going to the casino than playing Linn because gambling is essentially what you are doing buying in with a company that is 100% headed to restructuring.
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