Barchart "Buy" rating still moving up Barchart had LOT rated an 80% buy two days ago and now it is up to 88%. Looking at the past history of this stock, the price gradually increased in anticipation of good drilling news, followed by a sell off. With drill results coming in only 2-3 weeks, it appears people are beginning to buy back in at the mid to high .20's level.
LOT continues to impress with their gold finds, although we are in a "sell on news" market right now, the trend up in price will most likely continue as more institutional buyers know the results are going to be good.....they aren't drilling virgin areas...just proving up the size of this already impressive find.
Lot tripled in value before the last results came out, if our new upword trend continues, I would predict a base of .40-.50 before the next results..........but as they love to say on stockhouse....all imo of course!
https://www.barchart.com/opinions/stocks/LOT.VN
MC