One more note on how I arrived at 98c.LNC SP on 27/03/13 of...

One more note on how I arrived at 98c.

LNC SP on 27/03/13 of $2.67 to $1.75 on 8/04/13 signals a drop of 35%. Multiply this factor to high of $1.515 (prior to drop) gives $0.99.

In summary, I'm expecting history to repeat with 35% drop. Hence gives me the SP of $0.98c.

As I've stated this SP on this forum hence some traders will be placing the short cover slightly above this. If it does break $1 it will slide down very quickly to have a false break - when all selling and insto starting to buy.

Will be interesting to watch as I'm waiting to catch this wave on the leg up. Last 8/04/13 move generated 20% return in 2 days work.

Also buying in low or mid $0.95 is also the bottom of the downtrend channel. As LNC SP has been streched extremely to the down side I expect the spring to bounce back hard.

Those who trade both shorts and longs on LNC would have a field down making $$ all the way up and down again, history will repeat itself for the next leg up.