As much as I think a small bounce is due for LNC now, it is amazing to see that even after a 13% drop in two straight days it has not yet, fallen into the "oversold" territory on the Schotastic Oscillator. I see a further downside is on the charts tomorrow may be cross into the $1.20's.. If tomorrow the SP crossses into the oversold category, I see a small upside thereafter, but to be safe from this falling knife, its better to wait and watch out for a buy signal which there seems to be none forming at this stage.
Even though a buy signal is generated the likelyhood of it being sold off pretty quickly is quite high. You might see a green day by the time you get in there the SP will drop and you will be on the loosing end. For now just let this thing keep falling untill a support is found near a $1.
LNC Price at posting:
$1.31 Sentiment: Sell Disclosure: Held