AI
Saturday, October 13, 2007 11:48:06 PM
Hey Game7, and Welcome to the board. Now granted I know nothing about LTHU other than what the chart is telling me so I will give you a brief explanation as to my trading style since you are new.
For the most part, I don't even look at the company until I look at the chart, If the chart is in an uptrend than I will dig a lil further into the company, and if it's not I will not consider any further time devoted to it.
Now for LTHU, had I run across this with one of my scans, I would have just kept moving on after looking at the chart. The chart right now is in a very weak condition, I see .09 happening much more easily than .15, which is a strong resistance level. I have annotated a chart for you that will explain my reasoning.
DocS stated he thinks .09 cent rise will happen, the charts say the opposite. The chart is starting a fresh down trend on the daily time frame, the weekly and mothly time frames are also weakening, so I would expect, a lower pps is much more likely than a higher pps. On this site, we try to find stocks that are trending up, this reduces the chances of a loss greatly.
Heres the chart, and if there is anything you dont understand, please feel free to ask.
BTW...I enjoy your post on gtem, I rarely post, but always read. I have alot of personal friends on this site, so I don't take this place lightly, or my recommendations, But if you read some post here you will see that I have been touting EGMI here. I have spent many hours of DD on this company, and many of my friends have gotten into it. I want my friends to stay friends, so I am very comfortable recommending EGMI as a replacement for LTHU to you. And DocS, the same thing goes for you. I just wish GTEM would have turned out better, alot of good people lost money they shouldn't have.
For the most part, I don't even look at the company until I look at the chart, If the chart is in an uptrend than I will dig a lil further into the company, and if it's not I will not consider any further time devoted to it.
Now for LTHU, had I run across this with one of my scans, I would have just kept moving on after looking at the chart. The chart right now is in a very weak condition, I see .09 happening much more easily than .15, which is a strong resistance level. I have annotated a chart for you that will explain my reasoning.
DocS stated he thinks .09 cent rise will happen, the charts say the opposite. The chart is starting a fresh down trend on the daily time frame, the weekly and mothly time frames are also weakening, so I would expect, a lower pps is much more likely than a higher pps. On this site, we try to find stocks that are trending up, this reduces the chances of a loss greatly.
Heres the chart, and if there is anything you dont understand, please feel free to ask.
BTW...I enjoy your post on gtem, I rarely post, but always read. I have alot of personal friends on this site, so I don't take this place lightly, or my recommendations, But if you read some post here you will see that I have been touting EGMI here. I have spent many hours of DD on this company, and many of my friends have gotten into it. I want my friends to stay friends, so I am very comfortable recommending EGMI as a replacement for LTHU to you. And DocS, the same thing goes for you. I just wish GTEM would have turned out better, alot of good people lost money they shouldn't have.
WT
"Everyone has genius in them, you just need to find out what it is" Robert Kiyosaki
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