Wow . . . I realized that it was not a good time to buy LINC. I got lucky and sold @ 3.80. I'll wait until it drops below 2.50$. Then I'll go for 10,000 shares and hold. Dividendn is good and I like to buy when everyone is selling and thinks it will go bankrupt.
I hate to say it, but I think everyone is selling NOW, and I don't think this stock has too much further to drop. Congrats for selling at 3.80, but don't count on getting back in at 2.50. Trends look bad, but as they pointed out in the press release, student starts are up compared to the year-ago quarter. If that happens again next quarter, the stock will go up.
I'm long, and quite battered from LINC. But either selling or buying at this level is just a gamble. I will hold until student starts show another increase rather than just a 1-time thing.
the technical trades LINC offers are what will propel this company (And stock Price) over the Next several QTRS. Will they Cut the dividend? maybe yes maybe No......If they did, that wouldnt be the worst thing for shareholders over the Long run.