do you have a pic of the top side as this may not be a lobo coral.We need to see the top of the coral to properly ID, as lobo's grow like a brain coral by this artical. If it is grown with seporate heads then it is iether a candy cane or a trumpet coral.
here is a link to an artical on lobo corals.
http://www.petsolutions.com/Red-Lobo...0L+C16175.aspx

sorry about this but by the pic it does not look like any of the lobos I have googled.

Bill