Post by
BigPapaStock on Feb 27, 2015 1:55pm
LOY will retrace imo
Today was overdone. This whole week was overdone. They just did a PP for $8.5 million which adds over 21 million shares to the float yet the stock price has rallied. I am a big fan of the company but everyone got a little too excited when the 400,000 share order came up earlier today. I will be buying shares soon but I'm pretty sure we'll see mid-low 40's before the rally really begins.
Comment by
stack on Feb 27, 2015 2:30pm
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Comment by
makemoney4 on Feb 27, 2015 2:41pm
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Comment by
BigPapaStock on Feb 27, 2015 3:08pm
I agree with this. I think the time to buy will be after the PP closes. I doubt there will be too much going on until it closes which is in about 2 weeks. All focus is on closing the PP for the time being.
Comment by
britishcinnamon on Feb 27, 2015 3:58pm
I guess that, on the plus side, PPs are a great way to not incur debt while raising money. LOY is now loaded and they are ready to 'shoot the load' wink wink.
Comment by
runner115 on Feb 27, 2015 5:18pm
Hi the time to buy was .38 when the herd is leaving the winners stay behind and pick up the bargains.