GREY:LGLTF - Post by User
Comment by
britishcinnamonon Aug 06, 2014 1:50pm
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Post# 22814401
RE:RE:new low at $0.405
RE:RE:new low at $0.405I agree with you completely. There is an attempt here to shake the retail investors' confidence in LOY. I have been the 007 on the buy-side and using my 124 to buy a bit as well. If anything, this is a good time to load up on 40-42 cent shares.
Last year, I bought in at 49 cents and averaged up all the way to 64 cents when the stock price soared to the 70s. My average is back down to the 40s again now that I am buying more. I have not lost even a little bit of confidence in LOY.
I don't see a drop in fundamentals. I see improved margins, better revenue, a growing company, and no retail confidence. Does Peter Lynch have to spell this out for you? It is the IDEAL moment to buy shares and I'm putting my money where my mouth is.
Come December (Q3E), let's see how the market will respond to the earnings report. Of course, we are all waiting on Q2E. As a reminder, it will be coming in 3 weeks time.