LNC 0.00% 99.5¢ linc energy ltd

Low volume. And sellers have given up. There's like 70k stock...

  1. fss
    689 Posts.
    Low volume. And sellers have given up. There's like 70k stock from 4.30 to 5. It's almost as if no one wants to sell...and everyone wants a seat on the table. All the red days have been piss-poor...no chance to drive the price down enough to buy, indicating to the heavy hitters that there is a lot of buying power behind the stock. Thus they have taken a back seat as there is no point in selling if you can't accumulate.

    If news comes in, it may create a buying frenzy.
 
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