lnc investor and sufferer, page-4

  1. 3,935 Posts.
    Commodity prices are falling as is the Australian dollar. So the bigger overseas investors took their money out of our market.
    Some funds shorted the stock. (We are not the only one to suffer)CFD's made it easy for punters to short. Stop losses were triggered and finally margin loans were called in and are still being called in.
    Too many punters do their own investing now without knowledge of this company and they just lump us into the general panic.
    But oil prices hold up. Tax selling is over and new projects are being signed up.
    I am in the same situation as you are with respect to my share price and purchases. It may get worse. Who knows what this market can do and if Credit Suisse may short the stock further. IT is impossible to know. But if you hold it will get better.
    Bondy can see what is happening and is presenting the companies strengths but the market is not taking any notice.
    It's just a cycle and will pass. The clouds will clear and the Sun will shine again.
    Hang in there.
    Cheers all,
 
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