RE: RE: Hi Yeswecan, Thank YouWith the level of interest and respect that is currently on this site, I will take the time to share this investors thinking, for what it is worth, and hope that others will share their perspectives also. For whatever reason I have been red hot in my investing strategies this year, and it appears that my lessons of the past are now bearing big fruit. I am not a flipper for the sake of flipping but rather pick the fruit when it is ripe....because after a certain point it is ripe enough and isn't going to get much better or bigger. Trend recognition is vital imo to maximizing profit. I do not like to rely on charting per se but when it coincides with my trend analysis, I appreciate the information and the posters who go to all the work of charting and share it with all of us. Because it is hard to sell a large block of shares without dropping the share price, I see high demand moments as opportunities to take seriously...That big support at the bid is often the only way to get out with all your profit.
I am back in the LGO action now for an expected short term uptick next week. A lighter load however than the 110,000 shares that I sold @ .46 on Wed. I anticipate 10% gains next week, imo, and will sell again at anything over $.50 . I am expecting very bullish guidance on Tuesday and a bit of a pep talk from management, and with production starting in July, that cash flow will improve the picture further and reduce the burn rate imo.
If I am wrong about a gain next week, the shares bought today at $.42 will form part of a longer term position which I plan to add to at a target of $.32 in June. There is no need to sell a good stock like this for a loss imo, but there is good historical evidence for expecting seasonal trends and volatility and playing the swings if you are so inclined.
The future is bright for LGO, and vanadium imo, but why not let your self expect many rainy gloomy days along the road to success, and you will probably not be disappointed.
On another note, for the sake of other hunch sharing...many gold miners are reporting on May 04 and with the elevated prices for sales of gold and silver in the past quarter, it is not unreasonable to expect spectacular earnings and a good pop in share price for many successful miners imo. I am bullish on YRI and longer term bullish on K. Miners like K that have been expanding aggressively will likely suffer more muted short term gains until their increased assets and book value are understood, unless a takeover occurs.
Many serious investors are wary of share floats that get too large. When a company gets close to a billion or more shares, it becomes daunting to deliver significant and growing earnings per share so the share price often goes stale or declines.
So lets hear how you pick stocks and when and why you decide to sell.
Enjoy the weekend.