Thanks Dazed and Lory. I have been watching and traded in and out of LNC over the past few months. Not a TA expert and have made and lost money in this stock so being bit more cautious now. I was in it for the long run like Dazed and should have exited sooner after the CR but did not see such a massive fall coming. Going by Purav's assesment it will move sideways for sometime before testing lower band so I am inclined to make an entry this morning if it stays over 1.75 and hopefully take some profit.
What are your thoughts Lory with the LNCGY (US) performance, I thought it replicated LNC performance in ASX but volume was down compared to previous day but still up from low volume of days preceding Umiat announcement. http://www.eoddata.com/stockquote/OTCBB/LNCGY.htm
LNC Price at posting:
$1.76 Sentiment: LT Buy Disclosure: Not Held
