cup and handle, page-31

I posted this chart on the LNC thread and thought it might be useful if posted here as well.

Data is from the March 09 lows, with base set to 100. Since then, the All Ords is up 58%, LNC 73%, CNX 230% and CXY 73%.

All three companies completed cap raisings during the period of the graph, although not to the same extent as a % of their capital bases.

It lends some support to Seamfiend's contention that CNX may have got ahead of itself. Significant outperformnace against the All Ords started July 09. I'll leave it to those more knowledgeable to dissect the drivers.

Cheers
Bleasby