RE: RE: RE: looks ready to go again for next weekFasttrader
Quite simply, there was a lot of action on the bid this morning, then it quickly dissipated. In my view, there were people on the sidelines waiting to get in, that wanted to buy in the am, but perhaps felt there were not enough shares to be had. LVL II was quite interesting to watch. I think it was simply someone determining based on the lack of interest shown on LII, it would be wise to wait and watch it's natural trading, as asks outweighed bids. I had an order if for 288k at .12, but got nothing.
Once there was enough "inventory", I think the buyer(s) jumped in at the end of the day, at a lower price than what could have been purchased in the morning. That's just a view from a LII watcher.
Knowing what has been completed with Song Jiagou over the past 5 months and what is going to happen in the future with the production plans and a possible 50% increase in gold reserves (as per the German Mag), there is a lot of reason to get in or stay in and be patient. Very little reason to get out unless you need the cash immediately.
Me, I upped my position Wed and Thurs and wanted to today as well, but didn't get a sniff.
BTW, I can vouch for RY, Shockem and myself as being here in the .04 - .05 range, with an established position. In my view, this is a dream stock right now for those that have the proper time horizon, strategy and cahones.
B