You have to take a stand in life and this is it for me. I got about 40K in a 401K fund and about 90K in a brokerage IRA. I can't move the 401K money but I bought 90k worth of LNCGY stock with my brokerage money. If this stock moves like I think it will I will have a fairly comfortble retirement. I got 3 more years of work.
Putting all of your retirement money in a speculative investment that is not profitable and pays no dividends sounds like gambling. Why would you want to gamble your retirement money on a flyer. 9 out of 10 companies that make no money, have significant debt owed to the banks go no where.
All you are doing is gambling. You worked hard for your retirement, why gamble it on a #$%$ shoot like this?
The oil in the ground rarely pays off big when you do not have the money to drill the ground. That usually results where someone with the money comes in and pays you a royalty of 10-25% and drills your land.
The technology on turning coal into gas has gone no where over the last 10 years. Bigger companies like Shell and Sashol have been pouring billions into that area over the last decade and it has not moved their shares all that much.
Speculators have moved this stock from $10 to $30 or so over and over. At some point what happens if they give up on the coal to gas or one of their big fields brings in only marginal wells and hoped for partner gives up. That happened to me twice, once in Australia and once in Canada where a big boy agreed to drill 6-12 wells and in both locations they turned out to be so-so and that was the end of the drilling. This company holds lots of prospects but that is all they are. All you are doing is flipping a coin with your retirement.
aintnice, you have NO idea what my Linc holdings are but I will say they are well over 90k. Your 15 shares short are starting to bankrupt you so it may be time to cover that position as you lost over 8% (approx. 30% since the move) just yesterday. You don't want to have to get a paper route to go with your pizza delivery job do you?