RE:catalysts, opinion onlynorthwestcoast wrote: Fed meeting on Wednesday. Every sector will dip again. Oil price hasn't finished dropping yet. Closer to Q2-Q3 energy stocks will have found firm bottom and will be rising. LRE is not going, and will not go out of business. Opinion only. I trust the management. I like our assets. I feel confident it will stay around a dollar as a LRE bottom after the next month of volatility. I think that any major catalyst for increase in crude price will lift it off that bottom and by Q3 Q4 this will be back above what I paid for it. There will be such a catalyst, no doubt. I have 10,000 shares at 1.532. I have other plays I day trade on. For me its not worth selling this one under 1.65, so I won't. Just my opinion. I am quite confident in this company. Their debt versus assets isn't something I'm worried about. I do plan on buying more if this gets to 0.67.
forget all that, here's a big catalyst specifically for Long Run and for you morons that keep missing the picture. Ready? scroll....am not giving it out that easy.
Shorters are going to cover, as money have been made already so stock is looking for support at 70 cent level but needs buys with 6 figure volume to reverse the downtrend while the RSI is sitting at 36.51 indicating its nearing oversold conditions, it dips below 30 on the RSI thats when short will cover around that could be 64-68 cents.
While you guys buy the stock blindly there are actually indicators when to buy/sell a stock this is when traders have the advantage over you bagholders on when to cover, go long or go short on a stock - it helps when the fundamentals is cr*p.
I'm covering 1/4 of my short and letting everything else play out - why? there's still 6m+ in short position if that decreases that will reverse the trend - remember the trend is your friend but it needs a critical uptick hammer or a spinning top if that doesn't show up by close no covering so meaning do not be buying as you can get it for a lot cheaper. But I suspect a lot of shorts will be covering and will start flattening even an upticks througout the week.
Here's a funny one that I saw on my TD account on what it says on the technicals of LRE.
5.66 is resistance? Hilarious