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Lightstream Resources Ltd. LSTMF

Energy Oil & Gas E&P
"Lightstream Resources Ltd is engaged in the exploration and development of oil and natural gas in Western Canada. Its operating areas include Southeastern Saskatchewan, Central Alberta, and North-Central Alberta."


GREY:LSTMF - Post by User

Lightstream Resources Ltd.
Bullboard Posts
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(2)
•••
Comment by Throwitinaholeon Nov 20, 2013 1:42pm
327 Views
Post# 21923731

RE:RE:RE:RE:No pipelines to it's coasts, there is no bottom for Canadian

RE:RE:RE:RE:No pipelines to it's coasts, there is no bottom for CanadianHere is how im playing it, Short covered today as i am not looking to go long or short into the "news" that we will hear tomorrow. I understand there will be a fairly nice swing to the stock, but i think it will spike tomorrow. On this spike it will continue to rise into the x-divvy date, and this is when i take the motion that i will go short. The company will only incur more debt on this divvy, dilution and if there is a dividend cut, we will see those "dividend hunters" flocking the stock, and smart money move in a few days afterwards for the long haul upwards tick. Therefor i will go short after the date, look for around a 40-50 cent drop afterwards, cover when the panic is at its top and go long with all the smart money...

I love this stock, i want to be long...but there is nothing justifying that here for me at the moment till we see the november divvy paid, divvy hunters out, smart money in, and balance sheet "balancing". 

GLTA - Flat going into tomorrows news. 
Bullboard Posts
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