Personally from what just occured today and from a fundamental point of view I'd be very wary at even buying at $1.00.
It may bounce as clearly a lot of punters are looking at this level to get in. The shorter's however will know this and may well send it lower so that all the stop losses on these trades kick in.
Its a highly risky trade.
The next key announcement for me is the Quarterly Cashflow report. If oil production has not increased and the cashburn continues then I see the SP going lower.
The unknown is that PB may pull off a surprise deal somewhere and that's why we are all addicted to the share market.
LNC Price at posting:
$1.10 Sentiment: Sell Disclosure: Not Held
