Agreed. All on side lines waiting for news esp with Cedar Point...

Agreed. All on side lines waiting for news esp with Cedar Point 3rd well...etc. Those getting reckless or getting better return with gold stocks are selling due to lack of news.

It's not hard to recognise the triangle now being formed, similar to the one formed in Apr 13 when the convertible bond was announced. This is more of a symmetry or closer to descending triangle.

I'm looking for a gap down at open to short this stock and it will break through all the key supports at $1.56 and $1.53 once the entire channel bought btw $1.55 and $1.85 is broken. Should find intermediate support around $1.42 mark.

Just my thoughts.... and I tend to have very good strike rate with my shorts.

cheers
pcyc


PS: The cross trade of 7.5M @ $1.60 on 22/08/13 was interesting. That was close to about 1% of issued stocks. As LNC is highly subjected to insto manipulations not sure if this is related to anything?