LNC 0.00% 99.5¢ linc energy ltd

50c is no far, page-12

  1. 780 Posts.
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    Gday Putt 1 im sorry mate i dont see any stale mate, i see a wicked downtrend. Linc is well and truly on the nose. I know bugger all about technical analysis, but im sure the most amatuer technical analysis enthusiast would take one look at Linc's chart and wouldn't touch this stock with a ten foot pole at the moment.

    You gotta wonder why this stock is getting so incredibly belted at the moment, it doesn't look good. I know there are a lot of negative factors affecting the market atm eg the end of US money printing, the credit crunch in China, the oil price dropping, Euro woes, Australian unemployment going up, mines closing down etc. The whole macro economic outlook and global markets being slaughtered, these things aside this stock seems to have something more sinister behind the share price drop.
 
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Currently unlisted public company.

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