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Author Topic: Looksmart (LOOK)
Lutalo
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climbing like a bat out of hell on a recovery.... fell out of bed on good news now making its way back up.

do your own DD.


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SCinFL
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quote:
Originally posted by Lutalo:
climbing like a bat out of hell on a recovery.... fell out of bed on good news now making its way back up.

do your own DD.


It fell out of bed?...LOL, that's one way to put it.

Sarah


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Lutalo
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Either way.. I'm in the whole on this one but I'm still rather optimistic about this company....

Check out the T/A on it and you'll see that it appears to be a stock thats being accumulated... Almost all the volume spikes on it have been positive days minus one from back in October where it gapped down. Also on the long term its been steadily trending upwards from $1.45 in March (where it was mostly accummulated) so I think this recent downturn is more of a quick correction than anything disasterous. Also looking at the chart it appears to have also been accummulated in the $2 range and the $2.10's as well so that also makes me sleep better at night.

Fundamentally they are strengthening as well..

They got 108m shares outstanding which is rather low in comparison to like companies. They've been getting rid of their debt 400k this year compared to 2.2m last year... total liabilities are about a third of their total assets... (126m assets 39.7 liabilities)


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