I think we're seeing a few floor. Some analysis of the tech indicators point toward the possibility of dropping below the 60c mark to high 50s, but personally I don't agree as I'm not seeing them take into account overall market sentiment and recent government budget announcements etc as well as the dismal market/segment SP reactions to this sentiment.
Technical indicators aside, the massive uptrend seen over a week of trading after the election and the last 2 days of (almost) levelling out against a hostile market that saw other players loosing far more ground makes me inclined to think long term down-trend (if any) will be very gradual and only due to the usual SP factors behind a company not making any money :-)
I wouldn't be risking shorts with the chart as it is but my thoughts only. We all know it could go either way.
LYC Price at posting:
61.0¢ Sentiment: LT Buy Disclosure: Held
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