LNC 0.00% 99.5¢ linc energy ltd

chart, page-33

  1. 1,898 Posts.
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    Not too sure about all the charts and 100 day moving averages.
    All I know is since there has been 200 M worth of convertible trading stock added to the pool of 500 M shares LNC has moved south.
    I have a small position in LNC appox 16% of what I had when it was at 60 cents. I purchased this at $2.26 and have been selling and buying back to keep me eye in.I sold on the close yesterday at 1.505 and repurchased this morning at $1.40.

    I did not want to sell yesterday at 1.50 and I did not want to buy at $1.40 this morning.I generally do well when I don't want to sell or buy. If that sort of commentary makes sense!

    My gut feel is that LNC is in no man's land once again!
    The guy that got 58 ticks has summed it up pretty well. LNC continues to overstate and under deliver.

    The shale oil or oil shale bubble has busted.
    If you believe that Barclay's is going to come through with a major buyer you'd hang around in the stock otherwise I think that the 40% of added stock has a way to go before being digested.

    I'm in the dazed camp I'd like to see LNC start to climb on some sale before I jump in.

 
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Currently unlisted public company.

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