Is the London Capital Group a Flatliner?

I noticed that one of the casualties of today’s heavy sell-off was the London Capital Group. A quick look at its longer-term price chart (see below) caused me to notice also that it might now be categorised as one of the Flatliners.

According to the Peter Lynch principle, I should now be taking up a long position. Not because it appears to be flatlining, though that’s good, but because it’s a company I respect as the underpinning of some of my favourite spread betting brands including Capital Spreads and InterTrader If spread bettors other than me also like those brands, then the mother company could do well when the tide turns decisively in favour of financial stocks.