LNC 0.00% 99.5¢ linc energy ltd

$20 trillion shale oil find surrounding coober, page-3

  1. 386 Posts.
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    The only reason you are considering taking profits is because linc got to 48 cents when most Lt holders thought it was impossible. The shorters had hold of the stock then. They no longer do. The reason they had hold was because Lnc never stuck to timelines. Since bkk came in they have stuck to timelines. Oil production, shale Independant report, exxarro 3mil payment etc... They have many more announcements pending - shorters won't risk too much on this stock now.

    Interestingly is ur reason for unloading 10% because you need the cash for outside living expenditure or do you feel you will have a chance possibly to buy back much lower. If the later, do you have a stop buy? I.e if u sell at $3 will u buy back if it gets to 2.8? Or something similar.

    For the life of me I can't figure out why a LT holder and close follower of the company such as yourself (STH) would sell unless the reason is one of the two stated above?
 
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