RE: RE: Selling Pressure...No offence taken willpelly. I'm not too concerned as I realize that the path LEC is taking is the best one in the long run. I was just commenting on the trading, and what may or may not happen short term with the share price.
It all depends on what news if any LEC releases soon. The longer it takes to issue news, and the more strain there may be on the short term share price.
I'm not one to suggest anyone buy or sell, and I don't really take the buying/selling of any retail investor as a sign. What I would rather like to see are insiders loading up at what you and I believe to be ridiculously cheap paper.
So far, I don't see them doing so. Don't know the reason, but at least they aren't selling either, although that doesn't give off any signal whatsoever.
Yeah, we still are getting chances to buy at these levels, and albeit I'm not buying more yet, neither is management. Maybe they can't because they are about to sign a big deal, who really knows.
One house, RBC sold 115k shares at market and brought the share price down to 0.16, so that isn't what I'd call a major selloff, but I don't see the right houses buying. Questtrade is probably a retailer, I don't know, but whatever happened to Haywood?
Hopefully we get news in the coming weeks regarding results. They are or at least should be good, IMO. atb