Liberty Star Uranium and Metals Corp (LBSR)

[Adjustedtosteep]

Don’t let them clean your clock. I am going to explain in this post what has happened since last Friday. Keep in mind that the suit was filed on the 26th of last month so the chart I have attached is for the last 5 days. It starts on the 27th . For those of you who do not believe in finra data, maybe this will be an eye opener for you.
The normal range for makers, “making a market intraday” is 22%-27%. Here is the finra data for the last five days, then we will take it day by day and apply it to the chart. You will see that the chart is a direct reaction to the manipulation by others. And yes, this was an orchestrated attack by those “who knew about the lawsuit”.
http://regsho.finra.org/regsho-Index.html
Friday 20100827|LBSR|1704428|3914194|O 44%
Monday 20100830|LBSR|3428769|12331405|O 27.8%
Tuesday 20100831|LBSR|10448026|24456789|O 42.7%

Wednesday 20100901|LBSR|4937932|11494405|O 42.9%
Thursday 20100902|LBSR|20002369|58928929|O 33.9%


Now, let’s apply this to the chart below. Keep in mind that the 26th was the day the suit was filed and LBSR had been booming on the chart. Starting on Friday, knowing that the announcement had to be made under obligation, they began shorting this, 44%. Notice how Fridays price was flat, that is because they began loading the gun for the showdown. They noticed that even with the high shorts that they could not start the stock on a reversal. For the next day and a half they stopped the shorting, and you can see clearly what happened on the chart. Mondays short number was 27.8%. They let it run up and then started their attack again at lunch time on Tuesday. Notice how the stock was running hard until lunch. Most folks said “ those darn profit takers are selling”. Nope, Tuesdays shorts were 42.7%. Wednesday they continued shorting to the tune of 42.9% causing another flat day. Most referred to this is consolidation. Not even close. Knowing the news was out, all they had to do was let the nervous nellies start the selloff this morning. That was evidenced by the gap down, which is caused by folks entering pre market sell orders. Once the nellies had started the slide they pretty much had control of the day.
Now, lets talk about today. In the chart below, each candle represents a 15 minute segment of trading. Todays shorting was 20 million shares. Keep in mind that they had been shorting this the last two days in the 17-18 range, so today they were free to do whatever they wanted without affecting their average too much. Now compare the volume bars to the pps. Notice how the high volume was at the lows. They shorted the lows to cause panic. Unfortunately a lot of people fell for it.

Myself, and many others were posting last night to hold onto your shares. But some will never understand, and they panic. They are the ones who will feel the worst next week when this is at .75 . The market is a brutal place, and those who play the games do not have to abide by the same rules we do. Today was panic selling caused by the big boys.

Tomorrows share price is up to every one of us. If we hold our shares, this will start back up nicely.

I did not sell one share today, in fact I have a lot more shares now.