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LNC - Linc Energy

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Can someone tell me if the US listed LNCGY follows our lead or trades ahead of LNC indicating the next day's moves?
 
skc said:
The chart is looking promising. The 18 month down trend is all but finished.

82c resistance being tested yesterday and today.

It looks poised for a breakout.

Apologies don't have time to post a chart.
Click to expand...

Chart attached (weekly) shows plenty of stumbling blocks. Resistance hit yesterday and major resistance around $1.00 needs to be overcome before jumping with joy i.m.o.
 

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Porper said:
Chart attached (weekly) shows plenty of stumbling blocks. Resistance hit yesterday and major resistance around $1.00 needs to be overcome before jumping with joy i.m.o.
Click to expand...

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.
 
essay said:
Can someone tell me if the US listed LNCGY follows our lead or trades ahead of LNC indicating the next day's moves?
Click to expand...

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.
 
Interesting article relative to Linc energy.

http://www.smh.com.au/business/shareholdercide--diluted-to-death-20121207-2b1be.html

(Not a LNC share holder)
 
Great day for LNC with a rise of 7.5c to 88.5c on strong buying of 10.42 M shares.
An intraday peak of 93.5c was reached. Should be an interesting week.


Long term holder
 
Another great start for LNC.

In less than 30 mins trading, volume of 4 M with prices from 94c to 99c.

Currently 98.5 c


L/T holder
 
The ride up really only starts after we pass $1.00 isn't it as that seems to be the resistance level?
 
Porper said:
Chart attached (weekly) shows plenty of stumbling blocks. Resistance hit yesterday and major resistance around $1.00 needs to be overcome before jumping with joy i.m.o.
Click to expand...

So now where for the SP?

Speeding ticket issued: http://www.skynews.com.au/businessnews/article.aspx?id=825490

(Not a LNC share holder)
 
dogeatdog said:
So now where for the SP?

Speeding ticket issued: http://www.skynews.com.au/businessnews/article.aspx?id=825490

(Not a LNC share holder)
Click to expand...

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.
 

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)
 
dogeatdog said:
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)
Click to expand...

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
 

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.
 
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.
 
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.
 
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.
 
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.
 
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