jrowl,i don't think there were too many people calling it...

jrowl,

i don't think there were too many people calling it higher.

we were all pretty happy to see linc hit $4.90 and a retrace was expected.

BUT, nobody expected a fall to $2.60, especially those that bought into the placement at $3.70.

a share price can rise, fall from its high and consolidate but to see the share price fall 45% from its high and $1 below the placement price isn't a result that holders anticipated nor was it necessary for it to occur just to fit into someones simplistic view that a "bubble" had to burst.

it's either a buying opportunity or a signal to sell.

given the scale of the fall i think caution is required until first liquids is announced.

cheers