TSX:LSG.DB - Post by User
Comment by
rockmstockmon Mar 06, 2014 10:54am
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Post# 22288806
RE:Whats hold this stock back
RE:Whats hold this stock back
Well if it is short selling (shares they dont own) its going to be painful loss. That is usually where you get the air pockets up as the shorts try and cover by buying any shares available at that time. The chart action and volumes over the past month to my novice eyes suggests that LSG surged from the covering. Then those same players are trying to short again at a new level. And as you can see from the last couple weeks they are failing yet again but they are highly persistant in their efforts risking bigger losses by spiking downs the price to attempt to get greater momentum. LSG had a rebounded almost instantly and this has set up the stock to surge to the next resistance marker any time.