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Bullboard - Stock Discussion Forum
Linear Metals Corporation
T.LRM
Healthcare
Metals & Mining
Diagnostics & Research
Industrial Metals & Minerals
"Sona Nanotech Inc is engaged in researching and developing gold nanorod products. It makes products for diagnostic test and medical treatment applications. The company's product includes Gemini and Omni."
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TSX:LRM - Post Discussion
Linear Metals Corporation
> re.where from here.....
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•••
jughead3
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Post by
jughead3
on Jan 17, 2011 7:00pm
re.where from here.....
Hopefully higher and not lower
(74)
•••
consultant99
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Comment by
consultant99
on Feb 09, 2011 4:19pm
Great day today and based on the news release the stock shot up to 0.38 from 0.27 close yesterday. I sold out my earlier stake at 0.29 and bought back in at 0.30 when the news hit. I put a stink sell order in at 0.375 and was taken out in the last 15 minutes - no shares left to sell but lots of money in the bank.I like the action on this puppy and would like to accumulate a few more shares but not
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StockBadBoy
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Comment by
StockBadBoy
on Feb 10, 2011 8:08am
Consultant99. I think the day has finally arrived for Linear Metals (I have been in this since the split from Linear Resources, which is now Brigus). This has been a long time coming. The cycle of price spikes and subsequent fall back in price might be a thing of the past. The Kenya properties look like very good finds, I especially like the overall price in terms of the deal, i.e. overall $4.3
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(74)
•••
consultant99
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Comment by
consultant99
on Feb 10, 2011 1:06pm
Looks like the dreaded price retracement has already begun. I think that the spike yesterday was a knee-jerk reaction and I need to see this find some level of support before committing fresh money. This could go back to 0.26 which was the breakout point. StockBadBoy I don't disagree that it is now worth putting some shares away for a longer-term play. I have orders in to buy under 0.30
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•••
ontheDL
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Comment by
ontheDL
on Feb 10, 2011 1:24pm
I too held this LRM from the split. Sold Brigus recently (kept shares in SSL) and was just about to sell this but why not hang in a bit longer. LRM can earn 80%, what is their share now?I will hold LRM a little longer if they can attract shareholders who know the Archean Nyanzian Greenstone Belt from investing inBarrick Gold's North Mara deposit, which contains over 3.5 millionounces of
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