Very tempted to buy today but am a bit concerned prices may fall lower.I sold the other day at 2.82 per share,just by luck, I think.
Not sure LQMT will see 3.00 per share again anytime soon. I would expect to see 2.80 per share in the future. This will probably take a bit of time.
My hesitation is I have watched LQMT drop down to 2.00 per share in the past. I don't think this will happen.
Indicators suggest absolute bottom support is at 2.50 per share. Today is a rebound day from yesterday, but LQMT has fallen more; mixed signals.
There is legitimate concern their 10Q might not be as good as expected but probably should be acceptable. This recent business over in Korea will show on their 10Q as increased debt.
Last 10Q shows "stream-lining" costs, a positive, but those costs will not show on this next 10Q so there will be a counter-balance of their new debt. Last year's cost won't show, but a new debt will show; net change is zero.
Have to confess I am very tempted to buy at 2.50 to 2.55 per share and ride this back up to 2.70 to 2.75 per share.
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Dennis, you might want to start watching STG stock. Down about twenty cents a share today. Should STG fall below 3.00 per, I will be watching it very close.
My opinion is STG is good for 3.10 to 3.20 per share, in the near term, about two to four weeks from now.
Looks like STG will continue to lag behind LQMT in price moves, by about a week to ten days.
Keep in mind, I could be wrong and you could lose money. You should not buy, sell nor hold based solely on my opinion. Be careful.
posted
CINN (E*trade) is currently filing a large order on LQMT, 4800 to go at 2.51 per. They might just barely fill this order by the closing bell. This will be close.
NITE and NSDQ are next in line for ask at 2.54 per.
My hope is for a nice rebound beginning shortly after market opening tomorrow.
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Someone just bought 12,300 shares of LQMT at 2.51 per share. This was a trade between Market Makers, not open market. Market Makers always come first, we are last.
Looks to be 2.50 to 2.51 is actually absolute bottom.
Sorry about that my Dad called me and said we need to go look at a building that was for sale that he wanted my opinion on. I missed the last half of the trading day I'll be up bight and early though Im on the west coast so trading starts at 6:30am I'll look to accumulate lqmt at 2.50ish. I know I should have bought STG when you first proifiled it at 2.30 the next day it went down to 2.25 and I decided not to buy but you cant win them all. Have a great day
Dennis
Posts: 598 | From: San Jose, CA USA | Registered: Nov 2003
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That's ok Dennis, we have been slaving away on a vacant rental. Broke a nail the other day. I am really torn between making money on stocks, and making money on rentals.
A broken nail, though, that's a prozac event.
LQMT should open around 2.51 to 2.52 per share in the morning. After hours, a little bit of trading at 2.53 to 2.54 per share.
Be careful. Prices could fall more. This is not unusual for LQMT. Always comes back up but takes a lot of time. I cannot guarantee LQMT will get back up to 2.80 per share. It should but this is not a certainty.
Today's trading indicates bottom support at 2.50 per share. This could change if Market Makers need to short to cover for shares they ripped from accounts. There is a lot of this happening now.
Don't allow me to sway you into a decision you may regret later. Keep an eye on it, see what you think. Make a decision free of my opinions, for your own safety.
Did you see the trading this morning on lqmt. shoots up to 2.74 on 16,000 shares and then they bring it right back down to 2.51 Im going to put my buy order at 2.53 and see what happends. What do you think of all this?
Posts: 598 | From: San Jose, CA USA | Registered: Nov 2003
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This is a good indicator, although done so to cover for shorted shares, an opinion.
Morning indicators suggest LQMT will recover. This will take a bit of time, perhaps ten to twenty days.
LQMT is appearing to be more of a safe bet but there is no guarantee, Dennis. Most investors are most likely in a panic right about now. We need increasing prices to prevent further panic selling.
What brokerage firm do you use? I am using scottrade, however I can't really do a stop loss type trade. I would really like to do a trailing stop loss on some of my stocks if possible. Does the brokerage firm that you use allow this type of trade? Thanks
Stop losses, not much of chance on this because most brokers won't honor stop loss settings on stocks below 5.00 per. Below 5.00 per, those are "penny stocks."
Check with your broker on this. Each has its own policy for stop loss settings.
My stop loss setting is simply my eyes.
Should be noted E*trade, Ameritrade and I think Scotts, along with up to a thousand brokerage firms are being sued in a class action for illegal naked shorting and deliberate harmful shorting.
Doubt this will effect online brokers much, but will set them back financially. I bring this up to warn readers, all brokers are crooks and we no choice but to work with those crooks.
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Based on what I am watching, Dennis, looks like new bottom support for LQMT is forming at 2.70 per share. I wouldn't expect any large jumps in price until late next week.
With this sudden jump in price, it is now more likely LQMT will return to prices around 2.90 to 2.95 per share.
Lots of unexpected surprises on this one!
We might be good for a .40 to .45 per share profit margin. Next week will an important week for LQMT; rise or fall.
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Purl nice job should have paid 2.55 but was trying to get it for cheaper and missed it for a few pennies. youd think I would learn by now. also been checking out a stock ALS what do you think they have huge cash http://finance.yahoo.com/q/bs?s=ALS&annual let me know your thoughts currently trading at 2.10. again nice trade on lqmt i wont miss the next one or do you think the 2.70 is still a good entry??
Posts: 598 | From: San Jose, CA USA | Registered: Nov 2003
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I would be very hesitant to enter at 2.70 per share. Do not want to discourage you but there is not enough activity to strongly verify more significant rises in price.
Do not allow me to discourage or encourage you. I am very cautious and conservative.
I suspect LQMT will rise to 2.90 per share in a week or two. Part of this is based on a single trade, 2.7297 for 400 shares. That is a Maker Maker manipulating prices higher.
Personally, I like to shoot for a twenty-five cents per share profit margin, minimum. Not sure this is left at 2.70 per share. That would put it close to 3.00 per share.
Keep in mind, though, LQMT peaked at 3.20 plus per share, not long back. However, their new 10Q might be mediocre and many probably know this. Could be wrong.
My sell price will depend on how "fast" my target sell price is met. If LQMT rises very quickly to 2.78 or 2.80 per, there is a chance I will push my luck a bit and shoot for 2.85 per with a strong stop loss at 2.80 per share.
Looks like I need to move my sell target up just a bit.
With Market Makers manipulating a stock like this, risks are extremely high. They could push upward, or short the stock into a major crash, in a matter of minutes.
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Purl Gurl I just cannot shut up! LOL thats how I feel about watching the market I have all this stuff to do I'm way behind in my work for my company but I just cant stop watching the stock market Im adicted I think I'll have to go to Stock Market Anonymous " Hi my name is Dennis (round of applause) and I've been a Market abuser for 3 years now" thats funny I kill myself this is probably the time when your in a crowd of people you tell a joke and your the only one laughing happens to me alot my wife says Im my biggest fan. Have a great day Dennis
Posts: 598 | From: San Jose, CA USA | Registered: Nov 2003
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Dennis, your 16,000 shares at 2.76 this morning, this would be the same Market Maker who is currently pushing prices upward. He is dribbling out 400 share lots at increasingly higher prices.
This indicates prices are artificial, a high danger signal. This also indicates he has some confidence these higher prices will be supported, but mostly by the hype of investors jumping on a stock which is showing upward motion.
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Congrats to you next time I hope to share in your enjoyment. No I think your smart to pull out one thing Ive learned is to set an exit point when you buy a stock and stick with your plan you have no regrets that way. I'll definatly let you know if I have any other good picks currently in SCO bought last month at 1.72 still holding have a sale price for 2.40 will hold a couple more weeks. my situation is I am moving 20-50 thousand dollars so the low volume stocks dont help me that much for it take a long time to accumalate and you just cant get out when you want but I like the 1-2.00 stock with good volume. but let me know if you find any. Good job on a great trading day Posts: 598 | From: San Jose, CA USA | Registered: Nov 2003
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Thanks Dennis! You are responsible for prompting me to buy. This is appreciated.
I am low on cash funds right now. Only have $14,000 with which to play. I am working on unloading some stocks to improve my liquidity. I will be moving in and out of stocks fast to build up cash reserves. Have more long term holds than usual, but worth the wait.
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