LNC - Linc Energy
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skc
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Fair call but depends on your timeframe and the size of move you are trying to capture.
Resistance at $1 is still 25% above a breakout of 82c so easily a few R's in there.
LNC getting kicked out of ASX200 doesn't help, however.
Hi Essay
LNCGY trades in New York which is about 18 hours behind AEST. It is my understanding that their trades are balanced up in the following day's trade in Aus. I LNCGY equals 10 LNC shares.
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Interesting article relative to Linc energy.
http://www.smh.com.au/business/shareholdercide--diluted-to-death-20121207-2b1be.html
(Not a LNC share holder)
http://www.smh.com.au/business/shareholdercide--diluted-to-death-20121207-2b1be.html
(Not a LNC share holder)
LNC having a good day today after Friday's announcement.
http://www.4-traders.com/LINC-ENERG...and-DTEK-Oil-Gas-Sign-UCG-Agreement-15580691/
http://www.4-traders.com/LINC-ENERG...and-DTEK-Oil-Gas-Sign-UCG-Agreement-15580691/
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So now where for the SP?
Speeding ticket issued: http://www.skynews.com.au/businessnews/article.aspx?id=825490
(Not a LNC share holder)
Hi Doggy
Some techies are saying there is very little resistance up to $1.50. Some experienced traders are saying there appears to be new buying on a large scale (perhaps a certain Russian).
I'm a long term investor happy to see the S/P come back up closer to its true value ($1.80- $2 in my opinion).
The pre open today looks promising so far.
About time you hopped back on the wagon.
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Hey Mickel. Taken a small position, and up 3% as I write.
I hope all the recent hype comes to some form of fruition, and drives the SP close to the values you mention above.
Good luck sir.
(LNC Share holder)
Hey Mickel. Taken a small position, and up 3% as I write.
I hope all the recent hype comes to some form of fruition, and drives the SP close to the values you mention above.
Good luck sir.
(LNC Share holder)
Hi Doggy
Welcome back on board. Hope you made at least 10 % today.
A great ride it was today ! Up 25 % to $1.30 on turnover of 22 M shares.
I think that is a record turnover for LNC in a day.
Augurs well for a further rise tomorrow.
L/T Holder
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Big pullback to close the gap at 1.04, some resistance at 1.10 - wonder what it'll do next.
pixel
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Massively Bearish Engulfing candle today; closed yesterday's gap-up.
Could easily drop to 90c (1-year EMA)
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Hey Mickel.
I'm stuck in the Netherlands at the moment, so watching the Aussie market's difficult time wise.
I woke up this morning, and the stop loss kicked in at A$1.10 so a meager 9% profit
I'll be back in soon.
Good luck to all longs.
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Do Linc now receive a further slap on the wrist for the 20% slump in the SP?
SARAH-JANE TASKER From: The Australian December 13, 2012 12:00AM
UNDERGROUND coal gasification and mining company Linc Energy says it can't explain a significant surge in its share price, amid ongoing market speculation about billionaire Roman Abramovich's recent visit to its Australian operations.
Shares in the Brisbane-based company jumped 25 per cent yesterday to close at $1.30, continuing a strong run this week that earlier prompted a "speeding ticket" from the Australian Securities Exchange.
Fridays session could be interesting.
SARAH-JANE TASKER From: The Australian December 13, 2012 12:00AM
UNDERGROUND coal gasification and mining company Linc Energy says it can't explain a significant surge in its share price, amid ongoing market speculation about billionaire Roman Abramovich's recent visit to its Australian operations.
Shares in the Brisbane-based company jumped 25 per cent yesterday to close at $1.30, continuing a strong run this week that earlier prompted a "speeding ticket" from the Australian Securities Exchange.
Fridays session could be interesting.
Another wild ride so far today with low/highs of 96c/$1.155 on turnover of 6.9M shares
Currently $1.10 (up 6.5c today).
Where will it close ? Some say that a large buyer (Credit Swisse ?) may continue accumulating and push it to a range of $1.15- $1.20 while others are suggesting that the shorters are in control and it could drop to .88c - .98c.
Gross short sales for 13 Dec were 2,149,900
''''''''''''''''''''''''''''''''''''''''12 Dec '''''''''''5,974,015
https://www.asxonline.com/intradoc-...lectionID=68&SortField=dInDate&SortOrder=Desc
The outstanding short sales reported are delayed by a few days.
For 7 Dec 33,144,000
For 6 Dec 35,001,950
http://www.asic.gov.au/asic/asic.nsf/byheadline/Short+position+reports+table?openDocument
it is generally thought that, with the delay between the 2 stats and various strategies by the shorters, it is very difficult to predict what will happen in the immediate future without any positive announcements.
Currently $1.10 (up 6.5c today).
Where will it close ? Some say that a large buyer (Credit Swisse ?) may continue accumulating and push it to a range of $1.15- $1.20 while others are suggesting that the shorters are in control and it could drop to .88c - .98c.
Gross short sales for 13 Dec were 2,149,900
''''''''''''''''''''''''''''''''''''''''12 Dec '''''''''''5,974,015
https://www.asxonline.com/intradoc-...lectionID=68&SortField=dInDate&SortOrder=Desc
The outstanding short sales reported are delayed by a few days.
For 7 Dec 33,144,000
For 6 Dec 35,001,950
http://www.asic.gov.au/asic/asic.nsf/byheadline/Short+position+reports+table?openDocument
it is generally thought that, with the delay between the 2 stats and various strategies by the shorters, it is very difficult to predict what will happen in the immediate future without any positive announcements.
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look like today was a classic buying day,will be interesting to watch tomorrow for action.
What a strong and sudden move, lets see it hold now.
What a strong and sudden move, lets see it hold now.
2012 started off with the S/P around $1.12 and looks like finishing the year marginally ahead of that figure.
Currently up 1.5c at $1.175
This despite the combined actions of the bot traders and short sellers driving the price down to 46c on 30 July 12.
Hopefully with much good news to come in early 2013 (GCL deal, Qld Govt decision on UCG, Poland, Africa, Gulf Coast oil production, Ukraine, AFC, etc, etc ) the S/P will rise to over $2 and perhaps much higher.
Happy and Prosperous New Year to all.
Currently up 1.5c at $1.175
This despite the combined actions of the bot traders and short sellers driving the price down to 46c on 30 July 12.
Hopefully with much good news to come in early 2013 (GCL deal, Qld Govt decision on UCG, Poland, Africa, Gulf Coast oil production, Ukraine, AFC, etc, etc ) the S/P will rise to over $2 and perhaps much higher.
Happy and Prosperous New Year to all.
