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Bullboard - Stock Discussion Forum L&L Energy, Inc. LLEN

"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."

OTCPK:LLEN - Post Discussion

L&L Energy, Inc. > Big 'IF"...
View:
Post by chsharpei on Feb 25, 2013 8:36pm

Big 'IF"...

On Oct 22 we rallied to $2.44, then on Nov 12 hit $1.51 (1.618 Fibonacci retracement pm the button).  On Feb 11 and Feb 16 we hit $1.62-calculating a 1.618 rise we would hit $2.62 (But if you double $1.62,  you have $3.24.).  

Volume today exceeded the previous month's daily volume, with the exception of Feb 1.  The chart shows a tall white candle today and we closed at the high of the day-all good signs that we may have finally turned.  Considering we are likely exactly two weeks away from  earnings announcement it is a fair assessment.  Slow Stochs has been rising since the price hit $1.72 on January 17;  the MACD since mid Feb and the Momentum since late Jan have been rising - even before the price hit bottom.  Also, on that move the price hit its high (Dec 11) one day after earnings was announced on Dec 10 (Double check the date earnings was announced.)

No, I am not predicting...just pointing out interesting relationships.  This stock is impossible to predict-unlike most other stocks where chart patterns seem to have some relevance-LLEN almost '0'.

So Brother M, don't be too hard on Race here.  He predicted $1.57...I really thought we could see $1.56 and was a bit surprised that we didn't.  Maybe we should keep our opinions to ourselves but after all it is the responsibility of each of us to do make independent judgments.  

I should simply state that my thoughts are for 'entertainment value' mostly...Don't ever make a move dependent on what a poster says-especially with this diabolical stock.

;-) Good luck. y'all.  Sharpei

Comment by chsharpei on Feb 25, 2013 8:52pm
'pm the button'...s/b: 'on the 'button'. S
Comment by brotherM1 on Feb 25, 2013 9:05pm
Sharpei -  I don't blame any of my moves on what someone else said:  I appreciate the thought out technical aspects and sell formed opinions,  The next couple of weeks or could really be interesting.  I hope today was just the start of hot coal under barefooted shorts.  But then again, who knows?;  perhaps news other than earnings is also on the way.  I just ...more  
Comment by brotherM1 on Feb 25, 2013 9:07pm
" I appreciate the thought out technical aspects and sell formed opinions,"  That was supposed to be well formed opinions (I must have had Race on my mind again). 
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