Post by
victor2009 on Jul 27, 2010 1:40pm
Today's Volume
The volume is up today, but any assessment of the trading cannot ignore the fact that selling is dominated by the one house that has dominated the sell side for some time. It seems that a single large shareholder has decided to reduce or eliminate their position, and it that 15 cents is the price this seller will take. There has been minimal selling by other houses at 15 cents and lower. Until this seller has completed its selling, there's a good chance the price will remain at that level. As I said before, there has been no change in the fundamentals. For those that find that these fundamentals indicate an undervaluing, there appears to be a temporary opportunity to take or add to a position at this price level. Legend has indicated he is taking the opportunity - and others have matched his thinking. In my opinion, their confidence will be well rewarded over the remainder of the year.
Juvenile Strom makes an irrelevant comment about Gary Nash allowing options to expire at 21 cents. This information is correct, when option expiry date arrives and the options are out of the money, the recipient allows them to expire.
As usual Junior throws in a false, completely unfounded and unsubstantiated innuendo that the option grant was related to Jilin Jien's acquisition of a control position. He is slandering the LBE CEO and Board, in suggesting that Gary Nash accepted possible unwarranted personal gain in arranging the Jilin Jien financing. It would take only minutes of research in authoritative data, for Junior to find that his conclusion is incorrect. Junior is either incapable of basic research, or has little concern that he is spewing nonsense and slander. In either case - further proof that he deserves no credibility. And he seems to think that his uttering of slander, false information and poor judgement is a contribution to the forum? Give me a break!