A friend suggested I look into LSPD because of it's possible turnaround, bounce back, upside potential. I've been reviewing through these posts.
This ones been dropping FOREVER and the miracle turn around/recovery you guys are hoping for and dreaming about is totally unrealistic and is extremely unlikely to happen.
In fact, one guy, Rarbar99 who claims he's not a bag holder (I sincerely doubt it by his totally ridiculous comments), on this board unequivocally stated today that it was a fact that LSPD would go up to $275 by 2025, hahaha now that's bloody funny, if it wasn't pathetically sad and a clear sign of hopelessness, frustration and desperation.
He must have one heck of a crystal ball to make that call, 3 years out from now, with 100% confidence, conviction and certainty while actually having the audacity to state it AS A FACT!
You really need to ask yourselves ...
Do I really trust and have confidence in LSPD management who hasn't jumped in to save the share price by now?
Do I really trust greedy analysts making outrageous projections, who are obviously looking out for their own self interest and are paid to prop up the stock?
Also keep in mind there are literally hundreds, if not thousands of bag holders out there who got stuck holding it in the $120 range before the Big Drop.
Do you know how many of them are trying to prop up LSPD on other Stockhouse bullboards and to everyone they know and their mother ... in the hope of them saving their investments in it?
Once again, on the flip side, just like the shorts, LSPD's stock price is being manipulated by other entities with ulterior motives.
This baby is going nowhere but down. Just look at it's chart. The writing is on the wall. The proof is in the share price which just continues to just drop and slide ... and drop and slide ... and then continue to drop and slide some more continuously day after day, week after week.
And the shorts, believe you me, are not over with this one yet given Omicron, world wide lockdowns, supply chain disruptions, inflation, Biden's failing Build Back Better plan and weak, incredibly volatile, financial markets.
In a few days, if not by tomorrow, LSPD will hit the 40's and then don't be surprised and don't say I didn't tell you so, if it even possibly ends up in the 30's in the New Year or earlier.
Ever try to catch a falling knife?
After all, remember when it was in the 120's? Did any one of you ever fathom it would drop all the way down to $50? Not one of you I bet. So Rarbar99, NOW THAT'S A FACT!
I would seriously think again about investing any more of your hard earned money on a losing proposition. If it was me and I just bought, I would get out as soon as the share price increases some or any to keep your losses at a minimum. Better to take a small loss now than a much bigger loss later.
And to all you bag holders out there, you should seriously consider selling before this continues to keep on dropping even more or you could end up taking the elevator down a few more floors and be stuck holding it all the way in it's 30's.
And after it's share price has been beaten down to a bloody, scabby pulp, who says it will rise again? Will it be Rarbar99, with his fantastical claims from his magical crystal ball?
Remember, there are no guarantees in life, especially with a company that is losing money and is not profitable.
Do you really want to risk your money on a sick, dying, soon to be dead dog?
Good luck whatever you guys decide to do but don't say I didn't forewarn you. I've seen this happen many times before. It's not a pretty sight. It's already ugly and in all likelihood will get much uglier as we start the New Year.
So if I were you, I would get out when you can before it's too late ... which for some of you, it unfortunately already is. But will only get worse.
But please don't listen to me. All you have to do is use your good ol', God given, common sense. But at the same time don't be fooled and fall for all the desperate, wishful, positive thinking hype out there by people with ulterior motives and self interest at heart.
If not, then I've got a few hard to find bottles of The Original Recipe Snake Oil and some lovely manicured lots of swampland in Florida to sell you, reeeal cheap.
Come and get it quick before it's too late and I sell out.