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Bullboard - Stock Discussion Forum Longford Energy Inc V.LFD

TSXV:LFD - Post Discussion

Longford Energy Inc > FLUSHOUT TODAY (FINALLY)....
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Post by taxdemicco on Mar 09, 2011 9:23am

FLUSHOUT TODAY (FINALLY)....

Hello Everyone,

I know that it is painful but any correction has to be severe to flushout the weak hands.   Good40, Hhoc, Eoim and Maysteeler23 have succeeded in getting the stock down to these corrected levels.

The stock had rallied from 23 cents to 46 cents or 100%  (23 cents).   A correction of 70% of this 23 cent gain or, about 14 cents is indeed very bullish and normal pullback in very sharp rallies.    This means that a pullback in the 32 cent level from the 46 cent level.

I have seen this numerous times on highflying stocks.   Once correction is done, the tendency is for the stock to rally to new highs once again.

This is called the FLUSHOUT period of weak hands and is necessary so that stronger hands accumulate.

NB:  I have not sold and I do not trade around the core.  This flushout gives me the opportunity to double my position.   My target is $ 4 per share in 2011 as we enter the OIL PRODUCTION phase.

The good news is less dilution since warrants will expire worthless.    Management (Stan Bharti, billionaire) will advance funds from one company to another, say VST to LFD.

Like they say, there must be blood on the streets before a rally takes hold.   I am starting to see blood.

JMHO
Comment by jlmans1 on Mar 09, 2011 9:37am
Sir, you should be in politics, Never seen so much shite come out on one post, you may even top maysteeler these daysIf this share went to 10 cents you'd also be saying that its a buy and a bullyish sign and cup and handles and triangles. You're like that knight guarding that gate in that Monty Python movie.I remember you saying over and over how the warrants will be excercised and its ...more  
Comment by margin500 on Mar 09, 2011 9:53am
Good post jlmans.It's about time someone shot this pumping mouth piece  down.I don't know who is worse Maysteeler or Taxi.Pathetic unrealistic posts without a doubt.
Comment by Bpultra on Mar 09, 2011 10:07am
Canaccord has been buying pretty steady during this down dip over the last few days.. Last 10 Trades Time Price Shares Change Buyer Seller 9:47 AM EST 0.320 42,000 -0.030 079 080 9:47 AM EST 0.325 5,000 -0.025 074  ...more  
Comment by hopeandaprayer on Mar 09, 2011 11:42am
Margin: I don't condone the pumping and bashing, but if you don't think that there is a concerted effort to manipulate these spec plays, then I think you are far too naive.
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