Buying in expectation for a very public coal deal to be finalised is very risky anyway IMO. The market is already expecting it so you get a lot of "buy rumour, sell fact" action.
Time and time again I've seen it happen - a big but anticipated ann comes out, forums like HC are awash with "this is it, people! $2 by close!"
Then trading opens and the price drops because everyone who anticipated a quick gain tries to dump at the same time.
Within a couple of hours HCers have changed their tune to "I don't understand what is happening??? Why is the SP down, this is crazy!!"
I expect the same thing here when (if) Teresa finally sells - UNLESS it's significantly more than the market is expecting.
But given PB's history of spin I wouldn't hold my breath for that.
LNC Price at posting:
$1.26 Sentiment: None Disclosure: Not Held