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Longford Energy Inc V.LFD



TSXV:LFD - Post by User

Post by markturon May 06, 2011 10:37am
308 Views
Post# 18539814

Merely technical selling.

Merely technical selling.  The move down here is solely due to big boys trying too cause Average Joes to liquidate.   They are willing to take losses now to keep the price down before drilling.  This controlled selloff is for the purposes of destroying sentiment of small frys for this stock.  ( In what time is left of the pre-drilling phase)  Even though the market depth looks poor it is an illusion.  You will probably start to see all sell orders eaten up as these brokerages try and fail to drive LFD decisively down below the .20 cent support level.  Once drilling announcement is imminent selling will be over.  This type of selling is duplicating what happened the last summer.  The downward plunge has very little to so with Good 40 or any other poster.                                                                                                                                     Brokers and investment bankers do not sit around and make trades based on Stockhouse posts.   
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