posted
LEXR had requested a 15-day (which should be next Thursday)extension to file its Form 10-K annual report for 2004 with the U.S. Securities and Exchange Commission.
Financial Analysis: no debt. Almost sell on cash. Trailing PE 75 which is pretty high, but it is very normal for the penny stock. 10% shares been shorted last month. I will predict there are 30% and more been shorted this month.
From TA analysis, RSI under 20--oversold. MACD increasing for this week--buying. Bottom shows from last week sell off. <3 is relative safe and will see shortterm profit. I can not say a target, but $3 is easy to get. Since the holder are waiting for the extension filing, I don't think there will be more sell.
Add more here @2.7 level, add to my 500 shares yesterday @2.6 level. Would see $3 in the next several days.
-------------------- Disclaim: I don’t guarantee the accuracy of the information I post. All my posts are based on my own research. I am not a registered investment advisor and therefore I am not qualified to give you any investment advices. You Make Your Decision! Posts: 389 | Registered: Mar 2005
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