Management was probably telling porky pies re: $4.50 placement. You would have to be brain damaged to catch this dagger in this bottomless pit as it is... much less pay an enormous premium.
Looks like we will be in the mid 70s this week, as I predicted several weeks ago.
Wish I could pick the bottom, but I just cannot see where the fundamental base would build... forget about topping $1 any time this year.
LNC Price at posting:
82.5¢ Sentiment: None Disclosure: Held