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It's perceived as a pot stock. That will change. When it does......BOOM!!
Strong support in 1.50's just under where we are now.
This is a significant press release. Crossing the blood brain barrier is enormous! Thanks Stockman. It will be interesting to see if this is a needle mover today.
I think even though it's nothing tangible yet, we all know something.
I doubt he knows anything. When someone asked him to elaborate he never responded. Actually, I think a takeover at these levels would be counterproductive to shareholder interests. There's so much potential growth here. I think we do much better if this is allowed to grow on its own for a while. Maybe a takeover at much higher levels in a year or two.
It's getting close. One day soon (tomorrow?) it will break out of the gate hard and that will be that.
Each time it bumps up against 1.60, it softens up the resistance. I think it gets through very soon.
If the SPX closes below 2693, it opens the door for a potential drop to 2600. It's all noise though. As long as it stays above the mid 2400's, the bull market remains intact. Much higher prices likely during the second half of the year. If it holds above that level (2693)this week, a move to the 2770 area is likely.
It looks like the stock price will continue to languish until we get some more news. Ted Ohashi is banging the drums louder than I've ever seen him. Very meaningful news could come at any time. While I don't think market gyrations will influence the price much for quite a while yet, it's interesting to try to figure out where the market could be heading near term and somewhat beyond. With support holding very nicely at the SPX zone around 2615 last week, it now appears likely that it will move up into the 2715-2730 zone soon. Any move under 2640 will violate that scenario. The second half of the year (where the hell has the time flown to) should have a nice upward bias.
The ask is 1.53. Somebody definitely knows something!
It's not important that it's paid. What is important is that it illustrates how brick by brick something very special is being built here.
It's looking like this will languish until we get more news. Volume is drying up. It made a few weak attempts to get over 1.60, but couldn't sustain it. I think something big will come, but until then patience is the word. I'm hoping I'm wrong and this continues to trend up until news comes.
Anything over 1.50 would be great. We would need a "Bunka blast" to get through 1.57 today. He should be speaking now so maybe people at the conference will buy, buy, buy!!
A day like today in the general market brings you and all the other doomsayers out of their holes. Yes, if there was a severe correction Lexaria would most likely pay a price. I don't think a major correction is very likely though. In 6 months stocks will be a lot higher than they are now.
That's the key. It's coming.
We don't want it any lower. These values are good enough and I hope everybody is taking advantage of the sale. I want .92 which was hit during last weeks carnage to hold.
This continues to look like a bottoming process to me. I don't think it goes lower from here. The continued high volume is indicative of accumulation.
The sharp sell off this morning, coupled with a volume spike is telling me the bottom could be very close.
I don't think the stock market crash you're envisioning will happen.In fact, just the opposite. The market should move to mind staggering heights relatively soon. It's too soon to say if it will be April, May or even June, but it's coming.
I'm pretty confident that they will be closing some major revenue enhancing deal in 2018. We just have to wait for them and not obsess over the daily malaise. It's coming.
When this starts to run, it will run hard. Now is the time to accumulate. Those waiting for more of a bargain are missing the bargain right now.
This freaking thing is still jumping all over the place. It's like aftershocks from an earthquake.
Thanks. I use the S&P because the Dow is only 30 stocks and compared to the S&P 500 stocks you don't get enough representation.
Bounced beautifully off 2550. That's a hot zone. The market's so crazy not sure it won't tag it again. The big take away in my opinion is it made that double bottom that I alluded to last week I think. Don't remember the exact day. I think starting Tuesday, maybe even Monday, we will be in business.
Target hit! SPX dropped below 2550. It could overshoot, but there is little danger of a major breach of that number. It could overshoot, but will be sucked back up. This purge of stock prices is almost over. Stocks should start moving higher no later than Tuesday. LXRP has been remarkably solid during the last three trading days considering the Dow has lost around 2000 points.
I don't know if anyone cares, but the SPX is closing in on the 2550 target. It could overshoot a little, but 2550 is very strong support and if it overshoots it will bounce right back to it. It just dropped to 2565. Close, but I'm not sure it's close enough.
Still think the most likely move for the market is short term down. SPX most likely landing spot would be around 2550. Think the move down is over by close on Monday. Would love to be wrong about this. But worst case is only three days hard down followed by nice recovery.
Man, you got your gap up. Hope it holds!!
Okay, we got that SPX move up to around 2680. Next the most likely direction should be down to make a double bottom. That means we are vulnerable on the downside for about 130 points on the SPX to make that firm bottom. We will have earthquake like aftershocks for some time until the market can reestablish its upside momentum. This likely means that LXRP minus significant news will follow the market down to that double bottom along with most other stocks. I hope this is wrong, but I don't think it will be.
If it drops to under a dollar it will have to do it on its own. The most likely scenario now would be a tack on to about 2680 on the SPX followed by a move down to make a double bottom. Doesn't have to play out exactly like that, but the take away is in my opinion that the market is done crashing and will soon find equilibrium. Very bullish going forward. Don't see this even coming close to your target.
Well all the positive energy going into the conference has dissipated. I sure was expecting more. No volume, no buzz, no news from the company. Zilch, nothing! How long should it take to get the BTG assay results to the investing public? It's been over a month now and all we get is silence.
This will be an important week. With everything going on at the conference. With production now a reality. With BTG results close at hand. With all the increased visibility from several potential interviews. With the silver looking like a smoldering volcano, it's not quite now or never, but it would be deflating not to see some movement this week. I think we'll get it. The stock has stair stepped up to the .23 range and held there. Looking for bigger gains just ahead. Expecting big volume as well.
Well, she looks to be finally waking up. Very nice volume and price is responding. Hope she's getting ready for a nice run. Fundamentals support it as do technical's. Powerful combination. Your confidence certainly looks warranted.
More big lots this afternoon. Volume is on a joy ride. One thing that has surprised me was the lack of movement given the healthy move silver has made during the past few weeks. I've watched other penny silver stocks, some not even producers put in some healthy percentage gains during this period. Still think as you do that we're close. Paying attention to the old adage, "price follows volume".
I live in the US. I'm all saddled up and ready to ride. That was an interesting block that went through a little after 3 today. Let's get this doggy running!
I think it's getting ready to erupt. I like the way it's been trading the past few day. It could be tomorrow or Friday. Or next week, but it's very close. The only thing that can hurt it in my opinion would be negative news about BTG. I don't anticipate that happening, but if it did that would be a major negative and disappointment. Actually, the coming assay results should give this a very nice boost.
I've seen "scams" take off before. Just have to be nimble and know when to get out. Can't let greed get you.
I agree. I wish there weren't so many shares outstanding though.
Let's face it. It's a lottery ticket with even less chance of hitting than a real lottery ticket. No revenue. Jumping around from industry to industry trying to cash in on a hot sector. Lot's of better developed competition. Very unfriendly float. I own it, but my hopes are very tempered.
This thing can't even get its bid up. Where's the volume? Where's the excitement on a day this should be brimming with it. Where's the revenue to move the price? Where's the reverse split to reduce the impossible to work with share count? The investor unfriendly share count. This is nothing more than a rank speculation with odds for real success no better than with Powerball or Mega Millions. As long as you understand this there's nothing wrong with throwing a few bucks at it. But to dream of quick riches from this is naive and dumb. Especially when there are other companies in the exact space who have been busy building a solid, worldwide infrastructure for several years and have revenue to show for it. Not some CEO who jumps around from point to pointto try to capture the hot sector. Yes,I own it, but I understand what it is and what it isn't.