posted
I know this isn't a penny stock but this is a weird sell off. Huge price decrease on fairly low volume. Appears to have found bottom. No News. Previous news doesn't look bad or out of the ordinary. Has been increasing without a down down for months. Worth a look.
posted
Look at that chart trends... this drop is all because of the companies faux pas... The price will jump back to where it belongs. I'm in now.
Posts: 84 | From: Sunrise | Registered: Jun 2004
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posted
That is what I think. I entered it late this morning and think this could be a good play. It should at LEAST have one hell of a bounce but I think it will quickly double back up and resume its upward trend. I am suprised this stock never came up anywhere on any board. If you look at this ones history over the past couple of months, it has gone up as an investors dream. Then this crazy plummet on nothing.
Posts: 100 | Registered: Mar 2004
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quote:Originally posted by donb: Look at that chart trends... this drop is all because of the companies faux pas... The price will jump back to where it belongs. I'm in now.
Please elaborate about the "Companies faux pas" . . .
quote:Originally posted by donb: and the news was still positive... What a rediculous drop, this is a gold mine.
why do you think it is a gold mine?
they made a 1000 % mistake last week - Correction -- Lexington Resources, Inc. Tuesday June 22, 12:47 pm ET
In the news release, Lexington Resources (OTC Bulletin Board: LXRS - News) Reports New CBM Gas Well Production, Land Acquisition, and Further Drilling Plans, issued earlier today by Lexington Resources, Inc. over PR Newswire, we are advised by the company that the first paragraph, first sentence, should read "... the Company's Kyndal #2-2 Coal Bed Methane ("CBM") gas well reports initial flow rates of 500 thousand cubic feet per day ..." rather than "500 Million Cubic Feet ("MCF")" as originally issued inadvertently
posted
That was corrected on June 22 though so that shouldn't be it. I am wondering if there were just some big sell orders placed a while ago at about $7.50 so when the price hit, it was just profit taking. That would have been just about double from when it started its perfect upward trend 3 months ago.
Posts: 100 | Registered: Mar 2004
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posted
That was corrected on June 22 though so that shouldn't be it. I am wondering if there were just some big sell orders placed a while ago at about $7.50 so when the price hit, it was just profit taking. That would have been just about double from when it started its perfect upward trend 3 months ago.
Posts: 100 | Registered: Mar 2004
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quote:Originally posted by SCS: That was corrected on June 22 though so that shouldn't be it. I am wondering if there were just some big sell orders placed a while ago at about $7.50 so when the price hit, it was just profit taking. That would have been just about double from when it started its perfect upward trend 3 months ago.
that makes sence. Someone had a limit set to x amount and today it hit it. People with alot of shares. Its been up hill for a while now, the typo was corrected on the same day
posted
Has anyone on this board done any DD on this? Or are you going to play it just because it dropped and you are hoping for a bounce?
Posts: 658 | From: Gulf Breeze, Fl 32561 | Registered: May 2004
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posted
I have looked into it and have found nothing public that should have changed its trend. Everything APPEARS ok with this. That is what makes it so strange.
Now if there is something going on that the public isn't privy too, that is another story and would also be illegal.
posted
im in 200 shares at 4.05. putting call into investor relations at 360-332-1354. let you know what i hear.
Posts: 69 | Registered: Jun 2004
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