Been giving this thought over the weekend.Dennis, I would not be surprised if LQMT
peaks around 3.05 to 3.15 per share on
Monday. Not sure though. There is a lot
of resistance at 3.00 per share.
Currently, I will not buy back in for
a fifth time unless prices are dropped
to 2.75 to 2.80 by Market Makers. Even
at those prices, I am very hesitant.
I suspect there will not be enough
volume above 2.95 per share to support
prices nor to sell off a large volume.
Keep an eye on LQMT Monday. It will be
of interest to watch how Market Makers
manipulate this stock.
Be sure to understand, I am not suggesting
you buy into LQMT right now. Risks are too
high for a conservative investor like me.
Watch volume on Monday. My projection is
volume will be too low to support a "safe"
bet of selling off thousands of shares
above 3.00 per share. This is based on
my expectation of .25 per share profit
to overcome risks involved.
Be careful to not be fooled by volume.
A large percentage of volume will be
trades between Market Makers, not true
volume generated by private investors.
In the future, if LQMT swings downward
in price again, like 2.60 to 2.65 per
share, this might be a good buy price
for a near term hold, a hold of a month
or two months.
In time, we will see!
Purl Gurl