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LNC - Linc Energy

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Only an L plater and I got smashed this morning.
I had a stop on link that the opening went well below and sold me at open for 4.17.. Cost me around $800 bucks.

Big lessons learnt for me today..

How is best to avoid something like this in the future?
I thought I was doing the right thing to have a stop?

I am actually more spewing at the fact that I didn't put all my money back into it at the depths of darknes....
 
Linc is an example of a stock that makes money management and Stop Loss a vexed issue.

it is now an ASX top 100 stock by market cap, but very volatile.

I traded this stock many times profitably between $2 and $4.

I finally got trailing stop lossed out at $3.14, after a previous shocker of a day on the market.

After doing more research on this company I realized I would need to have a much wider stop if I wanted to stay in.

Do you believe this technology is likely to be a future money maker?

All the research on this thread and other links indicates it is very likely.

So i bought back in at $3.70, and topped up several times since, didnt feel too good at $2.74, but stayed the course..even a Stop of 20% would have exited me

Having said this, it is ESSENTIAL you DYOR, bear in mind their income stream is a fair way off yet, and if the eagerly expected announcement in the next few days is even slightly negative, the SP may get smashed.

If it is good, SP should climb
 

With volatile stocks like this one.... i'd place SL just below support levels. If the SL is too far away, you need to adjust your position size to a smaller one to ensure that you're not going to get burnt.

If it does rally higher from your entry level,.. well you're not going to make a heap of money - cos you missed out on the optimum entry - but still catching the late train is better than missing out on the ride altogether...
 
I'm with you ruincity. Guess I got lucky with my sl fill @ 4.38 (to correct my typo error above). After watching the DJ crash, I moved my stop up from 3.49 to a few points under the next support level hoping it would hold. In hind sight it looks to me like a shake out/stop loss harvest by the pro's. Trying to remain emotionally detached and learn from it. Will be watching the next day or so, I'd like to get back in if it looks right.
 
Well done Grace, only 4 out of 68 made money in September 08, a very difficult month for investors and tipsters, lets hope October turns it around.
 
Man it is tanking today...

I know its a volitile stock but down 15%...! I am getting killed out there... I hope this experience is of some benefit to me later and doesnt just leave me a scarred wreck...
 
Is the 17% drop because of the purchase of SAPEX shares? I nearly called my stockbroker to sell at 5.25 so I could buy back later. Too bad I didn't. I'm back where I started now. But I'm learning.
 
Currently 3.97 down 15% and was down to 3.80 earlier today.
Is it only that good news was expected by now and we have no news or is it something more? I think the former.
 
Just rang Linc, girl said she can't give any update on the progress of the plant. Still in final commissioning.
 
Looks like its Meal on Wheels AGAIN to night.
Keep us posted there has to be some good news in here. With the USSA elections coming up wonder what will happen to the World while they decide who to elect.
 
joestjack said:
Just rang Linc, girl said she can't give any update on the progress of the plant. Still in final commissioning.
Click to expand...


you were about 5 mins too early hahahaha... everything on track at the plant... delay due to fault PLC cards (computer logic operating system). Liquids by the weekend... god bless bondy.

anyone sell out today - i expect a big ramp up this week before the liquids come streaming out...

China deal delayed due to Chinese national holidays - extended by the month but approved by both companies boards...

initial JORC at next tenement... setting it up to sell Q1 2009...

looks like they were worried about the SP fall and in true peter bond style he is quick to reassure his faithful investors...

fingers crossed for no more delays from here... no liquids by monday may see the SP slide considerably now this guarantee has been given...
 
Hi Goldmann,
That is a lot of information. Potentially very valuable. What is the quality of your source ?

Cheers
 
Today was the day when the true believers were separated from the faint hearted. The losses will be recovered and more so. I said last week that I didn't think they would make the announcement while the market was in such a mess, but Peter Bond knows what he is doing, and what is best for the long term holders.

Basilio. Announcement to ASX And Linc email to stockholders
 

Yeah you've hit the nail on the head.

I bought in at $4.36 so was a bit shocked to see it fall underneath me after sitting above $5. Holding tight though...
 
Why did everyone sell all of a sudden? If people were getting worried over the delays, wouldn't that be more of a gradual decrease in SP? Maybe a some stop losses kicked in too. I hope the liquids come. This company has great potential.
 
now that LNC is part of the XJO.... it's going to experience more volatility in these conditions...

look at the other blue chips... they are fundamentally doing ok.. but are getting a hammering...

just cos LNC has potential, doesn't mean it will be immune the current market environemnts...

just hold onto your hats... remember, if you're in it for the long term... this is just a blip
 

this is a big blip.... SUPER BLIP.... MEGA BLIP... but i do tend to agree... if you said 6 months ago that BHP would be under $29 - i would of offered you some prescription medicine
 
Yesterday, of all companies on the ASX with a $2Million turnover LNC had the largest % drop (18.2%). You'd expect that with a basket case company like Babcock and Brown, but why LNC?
Caused so much concern that LNC had to make a company announcement today saying that all is on track. Even reinforcing the fact of the $1.5 Billion coal sale didn't do it any good with another 8+% drop on opening.
So much for the short selling ban, cause it sure looked like it was getting shorted.
Not sure why it's getting a hammering? So far the SP hasn't recovered. You'd think with the current discount price there'd be a quick recovery. I just can't work out this market, logic has certainly gone out the window.
Dare I say it that there could be some market manipulation going on before the liquid announcement. Or has all the good news already been factored into the current stock price?
 
Don't forget that Lincs share price is directly affected by the price of oil, and so no surprise to see the pullback lately, POI down by 6.5 % overnight.
Energy stocks overall took a hammering, especially uranium hopefulls and producers.
If we are in a prolonged global recession , few years or however long it lasts, might actually be in lincs favour, as the cost of building the main plant could be significantly reduced, re labour and material costs, and am assuming this building will take several years , (don't really know just guessing), but by then who knows what the price of oil will be.
Does anyone seriously see oil staying low for more than the short term ???

I believe liquids will be produced soon, and an announcement will be made when the time is right, PB is no fool, and am sure realises that timing of this announcement is crucial, as far as keeping the SP momentum going.
In this environment , even the slightest hint that there might be a problem with the demo plant, and the shareprice would suffer badly, but we have not seen that yet, mainly general market related movements.

Stand back and look at the big picture, look into the future , look a few years ahead, the credit crisis will pass, the world ecomomy will stabilise and start to grow again, and energy prices will start to rise, and who knows what shocks are in store between now and then, that might sent oil and LNC a lot higher ??

Wish I had some spare , to get more at this level.
My oppinion only, so dyodd.
Re Joe.
 
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