Lnco broke below the bottom Bollinger band on this move and is now back within the bands. A nice reversal signal. Relative strength got all the way down to 14 on the dip which is extremely oversold. Line on the other hand, never broke the bottom band and didn`t get nearly as oversold as Lnco. Todays move really healed up Lnco`s daily chart which was looking mucho fugly. Oddly enough, max pain for the 12/21 exp is still 30 for Line and 40 for Lnco. I am very encouraged with todays action and soon we may be able to file this week under post merger head fake.
Sentiment: Strong Buy
The fundamentals are on our side. Looks to me like Lnco may have found solid support at 28.
We will have to see how it plays out. That prediction was for a break upward and this move is being made to look like a break down. I will hold my shares and collect my monthly check until I get my price.
Why don`t you get lost moron? Off to Iggy Land you go. What a stupid mthr phker..geez.
It was my mistake not considering the pattern I`m looking at could break down as well as up. When the Bollinger bands compress it tends to signal a strong move but it doesn`t signal which way. With the fundamentals looking so good I find this a rather odd time for Line and Lnco to break down. I`m still looking for a run at my targets and will consider this a headfake until I`m proven wrong.
Unfcknreal.......have to expect the unexpected when dealing with Wall Street crooks.
I`m sitting here scratching my head too. Strange that Line is trading at a premium to Lnco and Lnco has been selling off at three times normal volume while Line at half normal. This was the last thing I expected for this week so it was probably destined to happen.
This price action is like a monkey randomly pulling levers. What they are doing to Lnco is beyond strange.