down move so far w 30mins to go on less than a mill volume
I suspect that by 'window-dressing' time the fundies that sold will buy now and by dec31 itll be back to old trading range
Reason I say this , is that LNN is rated by every1 as one of the top defensives, and ppl need this stock in their portfolios
theres been a shakeout, but i expect it to be back shortly, coz we've got another 9 months at least of cr@p to go in this market IMO
Earnings certainty isnt safe atm; With LNN at least u know it is more or less
CCL bid may be overhanging tho
Still, its fallen enough for a gr8 defensive with outstanding fundamentals (return on equity pehenomanal; returns on debt vert good thus too. Return on debt+equity thus is very good. The company is putting its debt and equity to very good use !)
LNN Price at posting:
$7.80 Sentiment: LT Buy Disclosure: Held