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A lot of bid whacking going on, brightside is RSI is heading to "Oversold" levels
before you guys freak out, imo the longer the prices stay these levels, the longer the RSI stays below "overbought" levels, which means the bigger the pop later on.
So many ask slaps. Anyone shorting this will get chased like crazy.
LGFTY is actually proving to be a great flip play, bouncing back and forth between high 1.50s to as low as 1.20s...load up and hold for power hour and then the possible huge gap up and monday!
There's going to be small dips for minor swing play, but no major dumps especially with that citron news out with the $4-5 price target and potentially news from the company itself out...most people will accumulate or hold...
PR will be icing on the cake...great stuff
Are you back in?
Per www.citronresearch.com
CitronResearch.com Press Release
Dear Reader,
This week Longtop Financial has reopened under the symbol LGFTY. It is a long way from $26 when we first reported on it. Citron believes that this is a legitimate take over opportunity at these prices as they do provide essential software solutions to China's largest banks. Our checks show the company is still operational and none of the competition in the recent Q discussed taking customers from Longtop. Look for a private equity shop to take a piece of this
If the company was only "half a fraud" we could see the assets sold between $4-5 in the near term. Seems to be a good risk reward at these prices.
Cautious Investing To All
No doubt this is going up...the dips aren't even significant enough for flippers/shorts, the ask gets slapped too fast. Good time to accumulate though. The best option right now is to just hold.
a bunch of shorts covering imo...the RSI for today is still not ridiculously high...i think its still going to go up
RSI still looking good for the day...DONT SELL not overbought!
LGFTY $1 coming 8s falling hard 9s up!
News will bring this thing to the moon for sure
LGFTY Short Squeeze push to $1 and beyond!
Yeah I hate to sound so negative but this company blows
Market is green...omg the market is actually green! hope this will run!
i don't want to say this but I think this stock is dead in the water, at least for today...nothing is happening...L2 not looking good...all sells showing up
Volume is gone?
Yeah, but I'm still very disappointed that there wasn't major bullish panic buying from people that lost big from $18.00+...I was really expected us to test at least $1.
All we need is news...recall HRBN...News should it back up in a matter of a few days. Come on guys, bust it already!
Sweet so based on that we should see the uptrend move in less than 1 hour...haha
do they have similar share structures?
Yeah it seems like some people are putting a grip load of cash on this stock. Hopefully its a big institution not some poor bastard gambling his life savings..
the market crash today isn't helping our case either...
yeah but usually after a 96% tank job you would see the stock pop like crazy at the opening not crash another 40%
Worst pullback from previous day massive tank...EVER...what the hell
L2 Thin to .71 buy all the 50s
RSI Crossed 30 at 46 cents last chance to add here before Bounce
Added at .47. The bounce should be around here...RSI is around 30 for the day now
yeah but i was expecting this to gap up big and then buy again...doesn't look like this is happening...the heck
L2 Dropping as we speak 78x79 now, it is going to open RED...
L2 Showing sells at .84...hmmmm
I think there's going to be a major gap up on LGFTY tomorrow! Could be at least a 2-3 bagger!
I think for today the volume has settled, but tomorrow it will definitely gap up...that's the nature of any stock that tanks this much. Should be an easy 2-3 bagger at least tomorrow!
I'm in! Slapped the 76s...down a little bit now, but I'm confident it will gap up and then some tomorrow! GLTA!!
any of you guys in on LGFTY?
Well if you want to rant, do it with a direct email (with a receipt, so you know if they opened it or not) to RFMK themselves. It doesn't matter that they don't actually reply. If they see it that's enough.
Don't do it on this board where negative posts affect the psyche of many new investors. It will just hurt us it can't help, you know? That's all I'm saying.
Well part of the reason why this think seemed to be falling in a bottomless pit was the lack of volume and therefore lack of buying pressure.
Let's just hope for the best and take this as a positive with this 25+ million volume and how it can potentially attract new investors to increase buying pressure so RFMK can actually at least hold the supports...
Overall as truthful as you may be, frankly, being negative doesn't help. I know you are frustrated but I'm pretty sure I'm down just as much as you on this stock if not more and every time I see you say negative things about this stock you're bringing me, yourself and everyone else in on this stock down.
Great volume, RFMK didn't turn red in less than 30 seconds after PR. Possibly a good sign of things to come.
Maybe finally a PR that won't result in a major dump afterwards???