LNC 0.00% 99.5¢ linc energy ltd

$1 is no far, page-34

  1. 381 Posts.
    I know I said I wont come back, but its too tempting not to. By the way thanks to all the buyers today. Another good day for me.

    Alphadog, I wanna ask you a simple question. Do you really think the run from 50c to $3 was due to us (retail investors) doing all the buying?? The answer is no. Its the Instos. Similarly if you think the 13 odd percent drop in the SP in the last 2 days is because of retail invt then you are wrong my friend.

    The Inst Invt use the 200 day MA as a important tool to decide whether to buy or short a stock. As soon as the 200 day MA is broken the selling accelerates. Well you might not agree with me untill you receive an ann telling us that CS have become sellers.

    TDA you did the right thing by buying in at close, its a good trade opp. You might see a small bounce tomorrow to make a quick buck.

    As I always said the way to a $1 wont be straight line, there will be small bounces on the way. Looks like a small one is due anytime.
 
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