TSX:LSG.DB - Post by User
Post by
Psalm9012on Sep 24, 2010 1:33pm
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Post# 17489521
Consolidation before Breakout Pattern
Consolidation before Breakout Pattern
I held this through 2007-2008 when, despite improving prospects, all the stock did was drift lower. It then broke out in 2009 for more than a double and I sold into the overbought position (mind you well before the high).
We seem to repeating the same pattern. The fundamentals are continuously improving but we are range bound. This consolidating may yet occur for awhile before we likely break out to a new double. Abeit, I doubt we will have to wait for 2 years like back in 2007/2008 and prior 2004/2005 pattern.
I'm accumulating in here. Good luck to all. We'll just need a little patience.
Greg