posted
Nice consolidation today. Slight drop in the AM, but this was on low volume (1/2 avg) and stabilized to .173 x .175 for most of the day. Further review of the T&S's shows that there was significantly more volume being bought than sold.
I think the holding pattern has been established until something comes out. As noted above, the annual is supposed to be out by the 15th. Given that this report will demand a fair amount of management's attention, I would not be surprised if no news was released until such time.
However, if this maintains sidward trading this tight, it is going to POP when it does move. Whether that is up or down will depend on the cause of the move.
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
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posted
Sitting at .185 x .186 on solid buying. By no means a break out, but very encouraging from a consolidation point of view.
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
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"A copy of the definitive agreement is will be attached to the Companys Form 10-KSB to be filed on or before April 15, 2005."
I, too am holding and added when it was in the mid-0.17's. As stated before, this is a nice consolidation we are seeing here. Assuming good news in the annual and I assume a PR when they make their first delivery (01 May per their previous PR), this should make a decent move. I expect there are more than a few that are sitting tight and holding their breath - I am.
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
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posted
A reminder so this does not fall too far off the radar. Filing outlining the details of this contract are to be released this week along with the annual.
Trading has been thin as of the last week (<1M)and established itself in the .17 - .185 range. By all appearances, it looks as though the MMs are trying to load up.
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
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<wingsfan133>
unregistered
posted
ive been watching lgov since its the announcment of the contract we all know of....now, heres the deal, what a couple of LGOV traders think is that what is being experiecned by lgov is average
when things as big as this come out they obviously pop, then they retrace into support, and then they make there long run up in pps....many companies after realeasing monster news experience this type of trend....
--what the "kick in the butt" it needs is coming out monday morning and that is the financials and an outline of the contract.....this is why buys were outwaying yesterday 4:1 as people are slowly getting in waiting for the big run....it held strong at the 15 support area and showed it has finally hit bottom
so friday we should see a gap up as people will see the financials
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-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
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quote:Originally posted by Thorn: Good luck. My gut feeling tells me that this one is not going to go up much more, but it will be nice to be wrong on this one.
We will have to keep our fingers crossed. This is a strong resistance point established earlier this month. It will be hard to break it, but...
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
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posted
LOL hey phroggy, wasn't stealing your thread when i'm posting runners as i did yesterday, i end up starting new ones. I'll keep posts contained to this one.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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posted
Can you give a more compelling reason than you gut feeling Thorn? The only way this is not going to move today is if the charts breaks a 2 year pattern.
Posts: 852 | From: Pacific Northwest | Registered: Jan 2005
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posted
D6, gut feelings are just that...I can't give any reason. Technically, you are correct and I agree with that part. Maybe I should have just kept quiet, but I felt compelled to say something. A little caution doesn't hurt, and thus even nay-sayers can be useful.
Again, I hope I am wrong and ate something that didn't settle.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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posted
Well caution is the name of the game with pennies. I don't mind nay-sayers, but I can't trade on someone else's gut feelings ... I mean my own gut feeling tells me stocks never should gain over 50% in a single day
Nothing but buys the past 30 minutes. All at .18.
Posts: 852 | From: Pacific Northwest | Registered: Jan 2005
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quote:Originally posted by keithsan: LOL hey phroggy, wasn't stealing your thread when i'm posting runners as i did yesterday, i end up starting new ones. I'll keep posts contained to this one.
Not an issue. I figured that is what you were thinking. Just thought I would bring this one back up as it had some past DD that might be useful in identifying resistance points.
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
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posted
small sell off going on. I was afraid of that as volume stagnated. hopefully it is a short dip and not a trend.
Posts: 852 | From: Pacific Northwest | Registered: Jan 2005
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posted
Turning around again, hopefully to gain strentgh for the breakout. Maybe the timid are all gone.
Posts: 538 | Registered: Apr 2005
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posted
Regrouping around yesterday's close. Just put in an order at .163. Looking for another run at resistance.
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
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-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
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posted
definately be watching it closely. I will be disappointed if there is not at least another attempt at the .185 resistance. As is the case with most upward moves, without volume this will not break, but should serve as a good target for your exit point.
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
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posted
I got out in the green. I think too many people got burned on this just not long ago and that kept away the volume needed to maintain the pattern.
I'll play this again for sure though as I think the bottom is predictable.
Posts: 852 | From: Pacific Northwest | Registered: Jan 2005
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