OTCPK:LLEN - Post by User
Post by
brotherM1on Oct 31, 2012 8:52pm
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Post# 20547793
Buy in tomorrow?
Buy in tomorrow? Sharpei - My suggestion is to get in around the mid-twenties or lower if possible the next couple of days. I jumped out at 2.25 thinking it would continue to head lower for the 5-6 trading days as it has done so predictably in the past.. This time it did not. The stock is acting stronger than the general market and coals in general. I got back in today at 2.23. Did not make enough to buy a new car that I could have if I would have sold last week at the lows, but I made enough to buy a new TV, a couple of months of gasoline, and paid the commissions. In addition, I'm back in for the longer term which has been my basic plan for the past year. Hidili and Yanzhou rebounded nicely yesterday. I'm also hoping the new Chinese leadership this coming month will also boost confidence in Chinese market. With all the stimulus around the globe the past couple of years, there is plenty of liquidity to get economies rolling again given the right conditions for businesses (not that the US economy will readliy take off - regardless of who is elected president - with all of the fiscal cliff components unresolved).
Last week around 2.10 or so, you stated the stock was ready for another pop. To my surprise you were right (not that I was doubting you, but rather I was doubting the stockement based on its history) What were you looking at?