Long Run Explor Ltd Ord WFREF

catalysts, opinion only

[northwestcoast]

Fed meeting on Wednesday. Every sector will dip again. Oil price hasn't finished dropping yet. Closer to Q2-Q3 energy stocks will have found firm bottom and will be rising. LRE is not going, and will not go out of business. Opinion only. I trust the management. I like our assets. I feel confident it will stay around a dollar as a LRE bottom after the next month of volatility. I think that any major catalyst for increase in crude price will lift it off that bottom and by Q3 Q4 this will be back above what I paid for it. There will be such a catalyst, no doubt. I have 10,000 shares at 1.532. I have other plays I day trade on. For me its not worth selling this one under 1.65, so I won't. Just my opinion. I am quite confident in this company. Their debt versus assets isn't something I'm worried about. I do plan on buying more if this gets to 0.67.

[goldenegg]

forget all that, here's a big catalyst specifically for Long Run and for you morons that keep missing the picture. Ready? scroll....am not giving it out that easy.  Shorters are going to cover, as money have been made already so stock is looking for support at 70 cent level but needs buys with 6 figure volume to reverse the downtrend while the RSI is sitting at 36.51