LNC 0.00% 99.5¢ linc energy ltd

lnc investor and sufferer, page-19

  1. 7,557 Posts.
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    Hi moneyvacuum

    I was a true believer in LNC ... not so these days.

    I found when I was supporting the Co and posted positively about it there were lots of 'thumbs up' for my contributions. These days I am mainly posting negative comment and that does not rate as highly.

    I got out of the stock initially because of the corporate bond issue and then the Umiat results came along and that sealed it for me. Linc might come good. The Arckaringa prospect is the near term positive.

    But .... one thing you need to understand is the bond issue means there are a lot of shares now available for active shorting. It does not matter what good announcements come along ... the short interest will sell into the market and attempt to suppress the price. The bonds have a life of up to 5 years, so that is what to expect until they run their course.

    You have committed all of your money. The only way to protect that capital now is to be willing to trade in and out of the stock on dips and rises. Since you are claiming to be new to the market, I have to tell you that trading is no easy skill and LNC is one of the harder stocks to play with.

    Lastly, it is pretty clear to me [from what you have divulged about yourself] that you are gambling and not investing. Linc in my opinion is a gamble. It might pay off hugely or not.



 
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