The SP has been weakening over the last couple of weeks. Below is my Weekly chart which is showing that the momentum is still showing positive ... if only just.
To my mind the psychology of the situation is not unlike the days when Linc was trading for 60 cents. Most of us understood the Co. was worth far more but the SP remained stubbornly low. The SP still does not reflect Linc's value but we await confirmation of Umiat. [The rumours of an impending positive Qld Gvmt decision, if true will do wonders IMO]
[Note: the Blue line when it is above the Red line indicates positive momentum on my chart]
LNC Price at posting:
$2.65 Sentiment: Hold Disclosure: Held
