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"L & L Energy Inc is currently engaged in the business of coal mining, coal consolidation, and wholesaling in the People's Republic of China and its operations are conducted in the coal-rich Yunnan Province in Southwest China."

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L&L Energy, Inc. > Buy in tomorrow?

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Post by brotherM1 on Oct 31, 2012 8:52pm

Buy in tomorrow?

Sharpei - My suggestion is to get in around the mid-twenties or lower if possible the next couple of days. I jumped out at 2.25 thinking it would continue to head lower for the 5-6 trading days as it has done so predictably in the past.. This time it did not. The stock is acting stronger than the general market and coals in general. I got back in today at 2.23. Did not make enough to buy a new car that I could have if I would have sold last week at the lows, but I made enough to buy a new TV, a couple of months of gasoline, and paid the commissions. In addition, I'm back in for the longer term which has been my basic plan for the past year. Hidili and Yanzhou rebounded nicely yesterday. I'm also hoping the new Chinese leadership this coming month will also boost confidence in Chinese market. With all the stimulus around the globe the past couple of years, there is plenty of liquidity to get economies rolling again given the right conditions for businesses (not that the US economy will readliy take off - regardless of who is elected president - with all of the fiscal cliff components unresolved).

Last week around 2.10 or so, you stated the stock was ready for another pop. To my surprise you were right (not that I was doubting you, but rather I was doubting the stockement based on its history) What were you looking at?

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Comment by chsharpei on Oct 31, 2012 9:15pm

Hi Mac: Right now I am thinking I may try around $2.15 tomorrow. I will have to check the markets in the a.m. first. I have found the fibonacci theory very helpful but it has taken me a very long time (mathematically challenged!) to grasp it in a very basic way. I am now trying to get a handle on Elliott Wave theory-another puzzle for my right (rt or left?) brain. I was also looking at ...more

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Comment by Tjpsimone on Nov 01, 2012 1:22am

2.30 is the top of the bollinger band we have been trying to break through for a bit here. News, and strong volume through the low 2.30's would be great, otherwise back own to 1.96 area for a retest of support....

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