GREY:LSTMF - Post by User
Post by
bullcharton Nov 21, 2014 4:28pm
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Post# 23153721
A rally or reality
A rally or realityWhat about the 3.67 to 2.28 drop in 2 days? If that had been an up move it would have been over 60% in two days. We have had less than 50% in 2 days with about the same weekly 20 million 2 day volume.
Oversold. Plain and simple. Many try and read to much into it. Closed 4 cents off the high yesterday. Closed at the high today. I am sure there will be much speculation on the weekend and into next week as that opec meeting approaches. Retrace the steps a bit. Week of Oct 20 4.03-4.68 and if this gets even back there, still oversold.
Funny how we don't seem to go crazy when we see a 3.67 to 2.49 down week and go all nuts when we get a 2.76 to 3.90 up week. Strange how that works.
Fear and greed is the death of a trader. Trouble is many are new at this and never lost their shirt a couple times over the past 30 years like some of us. Peters little move at 3.61 was a nice signal for those that pay attention to that sort of thing. I am not a total bull here and know this still can swing either way in the world and market we live in. If I were getting paid big bucks for this, I suppose I would come out now and say that 2.28 was the 2014 bottom for LTS. But where were these overpaid white shirts when LTS was under 2.50. How many were saying buy?
I would love to see just proof of someone saying buy the heck out of LTS on Nov 4. Now that would be worth a 1000.00 subscription!! Oh, I forgot. They were busy getting company positions and soon will have buys on LTS. Forgive me if I seem cynical.