TSX:LSG.DB - Post by User
Comment by
Timminsgoldon Sep 10, 2005 9:02am
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Post# 9534040
RE: GONE FISHING
RE: GONE FISHINGHere is my take on yesterdays trading.
One of two major events took place:
A) a MR. BIG decided to participate in the LSG dance, or
B) someone interested in a control position with LSG, made the purchase.
I believe it is a Mr. BIG, because they allowed the price to move backwards to accommodate the trade. If it was someone interested in control, they would have to buy at the market price.
It is possible in the near future, that additional Mr. BIGS will also become involved. They also will have to have stock made available to them at below market prices. In the longer term, these are the type of people who usually can help motivate buyers and ultimately, will assist in having the LSG shares move higher.
In any event, it is my belief that yesterdays trading activity is the start of something big and heres to the share price moving higher!
HAVE GOOD LUCK FISHING.