Well, over the weekend the US market has got the shakes. If LNC was still listed on the ASX we'd be in for a good down day where the shareholders are miffed and the shorters are making hay. I wonder whats in store for the shareholders as we moved through this negative cycle of de priming of the US bond market now that we're listed in Singapore.
1) Wonder if LNC will fall 2% tomorrow and drop's 7 cents to $1.39? 2) Then for the next week or so continue to trade in the mid $1.30's
Well, I won't be amused if this occurs. It's not what I signed up for! I fully expect Genting to make a stand here and keep buying at the mid 1.40's or take the opportunity to take the stock higher to the mid 1.50's and beyond. Monday will provide us with these answers as the local market gears up for Chinese New Year.
One can only hope!
LNC Price at posting:
0.0¢ Sentiment: None Disclosure: Held
