LET THEM SELL!!!!Hello Everyone,
I am happy to see the floodgates opening and the large volume of people whom are exiting this stock. Millions of shares are being dumped into 1 hand, that of SOROS and friends.
I hate traders and short term speculators as they destroy the value of a stock by trading for pennies and they daily fix for beer.
I hope that the selloff continues accelerating in massive fashion with lots of volume until every weak hand is out for good, never to return to LFD. Once that is done, then SOROS and company will drive the stock up, up and more up....on a continous rally. The rally will have significant legs since they will be a constant ORDER IMBALANCE TO THE BUY SIDE, this imbalance being triggered by the fac that SOROS and company will control 70% of the o/s shares of LFD.
What I look at is fundamentals, where the stock price is, is truly irrelevant in the short term.
What I see is:
a) Soros invested $ 5.7 million and, added 40% more or $ 2 million
b) Ahmed bought at 37 cents 500,000 shares
c) Insiders bought $ 1.5 million at 30 cents
d) ....Bloom (geolgist) bought 200,000 shares at 20 cents
Now I don't have a complete list of all the other insider transactons but you will quickly note that the $ 29 million market cap given to LFD is represented in large chunk by what insiders and SOROS bought.
Now are these people st*upid and, you the imbecile whom knows all is so smart.
I have learned a long time ago the saying that MONEY TALKS, and bull*shit walks. When I see big money buying in the millions and, small money selling their 100 share lots, I am inclined to follow the millionaires.
Afterall, who the f*uck are you anway, a sm*all fa*rt wtih minimal shares whom all of a sudden thinks they know something about oil drilling.
Do me a favor, sell your shares quickly, so that SOROS can get it all and once he is FULL we can move up.
JMHO