Post by
2guys on Aug 11, 2011 10:07am
On a Technical Note...
LEC broke 3 major support levels being the 20, 50 and 200 day ema's. 200 day ema is at 0.17.
The market needs to see some results from the current HP-L Lignin testing, and sometime afterwards a formal JV deal to commercialize the HP-L Lignin and build a bio-refinery to accomplish this.
Don't like to see the selling pressure, but at the same time this can be a buying opportunity if as I suspect all things work out accordingly.
Just a matter of time, IMO. atb