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Can anyone give me a quick heads up about this company? I'm sitting on 1 million shares of this piece of . . . .
I love the tight trading pattern we are in.
I love how this stock stays solid. Most of you now know that I'm a technical analyst of stocks but I really don't think that matters now. There is no questions that LLEG will produce revenue within a year so the current pps and any up and down movement does not matter much. As long as there are no reverse splits, this stock will produce big.
History: Back in the summer of 2008 I ran into a guy that was also camping in West Virginia near the New River. He mentioned this stock to me. At the time it was trading @ .0004. I bought a bunch then and still hold it now. Thanks man if your still out there.
I'll still throw my tech thoughts in from time to time, but anyone that doubts this stock, well . . . sorry.
A run-up to .0076 is very soon.
Technicals still are looking okay. There are four major indicators that I look for if I want to buy or sell. All four must be met for me before I buy or sell. These four aren't the only thing I look out but these four must be met first.
1) Simple moving average: When the market price crosses this on the downward side, this is bearish and the first sell sign. (Check - this has now happened.
2) MACD crosses signal line downward: (No - this has not happened) HOLD
3)STO crosses signal line downward: (Check - this has now happened).
4) Money flow is falling: (Check - this is now happening).
Only 3 of the 4 conditions have been met. So I would not recommend a short term sell.
Reversing these trends would be a buy sign.
Positive signs:
1)STO is near bottom and should begin to trend upward. This upward trend should happen before MACD passes its signal line.
2)Money flow falling trend appears to be shallowing out.
3)We've reached a short term double bottom.
4)simple moving average has leveled out and the price channel has tightened.
I agree. I am not looking for a pivot upward today, although it could happen. In my opinion we are now at our new support level. The only thing that could move us lower would be bad press or LLEG is not able to fulfill parts of the SEC request.
Me to. You never really know but I'm buying more shares at this point. On the flip side, if we do not come off this double bottom within the next couple of days, this would signal a bearish trend. It's a real fine line at times but I do believe we will see a pivot upward. My only concern right now is that LLEG has not made any money. All profit and revenue statements are forecast not actual numbers. Very few companies become penny stock based purely on speculation. LLEG has lots of good press and appears solid but we need written and signed contracts for real dollars.
We've reached a double bottom. watch for the pivot upward over the next few days.
I agree that MM's like having control but they are also in the stock to make money. MM's do not follow the buy and hold approach that most investors follow. Over time their strategy of buy/sell on 20 to 30% swings works. Unfortunately the long investor is watching too closely and they get discouraged. LLEG has been trending upward but it still is in a relatively predictacle trading range and this is what MM's or day traders love. Revenue and profit are what will ultimately make LLEG go up and the MM's and day traders will follow it up. If you are long in this stock, my opinion would be to not pay minute to minute or hour to hour attention to LLEG. It will just make you crazy. As long as there or no reverse splits, this stock will rally big over time.
Thank you. I want LLEG to do really well but it still is a stock and most stocks trade in a somewhat predictable way. Not always of course. I like the trading pattern of LLEG right now. With the high volumes over the past few days, interest is picking up. I would not be surprised to see a pull back tomorrow to .0032 or even .003. This would set up a very bullish trend for the stock. A very clear double bottom will form. This is a bullish trend which "usually" sets the stage for a dramatic rally of the market price.
This stock is doing exactly what it should right now. I would not be surprised to see a slight pull back to .0036/.0040, and after that LLEG should rise quickly. Technicals are usually very reliable and LLEG is following the trend as expected.
Key Stats:
High: .006
pull-back: .0032 (down 53%)
retracement (Pivot): .0052 (Up 39%)
Current pull-back: .0042 -.0045 (should fall to new support)
Second upward leg: .0075 to .02 (this will happen quickly - over 2 to 5 day period).
No worries! This pull-back will work in our favor. We have now pulled through the soft support level. Watch for the pivot. MM's are covering their shorts today. The upper resistance level (.0075) will be tested in the next two days. I have also not seen an offical press release. Hang on!
The stock will come off its high anyway. This is not a bad thing. People will pull out but if/when the stock pulls back from highs, what you hope for then is a retracement back upward 40 to 60%. If this happens, we will now no what the new support level will be. The new support will be the low point from the first new high above .0075.
Example: (not a predication)
New high: .009
Pull back: .0065 (new support)
Retracement: .008
Pull back: .0063 (test or surpasses new support)
Open range: .01 or higher.
There will be profit takers but there should be additional opportunities to buy in at other levels.
The stock will come off its high anyway. This is not a bad thing. People will pull out but if/when the stock pulls back from highs, what you hope for then is a retracement back upward 40 to 60%. If this happens, we will now no what the new support level will be. The new support will be the low point from the first new high above .0075.
Example: (not a predication)
New high: .009
Pull back: .0065 (new support)
Retracement: .008
Pull back: .0063 (test or surpasses new support)
Open range: .01 or higher.
There will be profit takers but there should be additional opportunities to buy in at other levels.
I'm long and plan to stay that way. I'm running on pure profit now. I pulled out my first investment during the run last October. I may take a little profit over the coming days but like most everyone else here, I believe there is way to much future potential to pull out now. Love to retire before I am 40. I want 1 to 2 dollars before all is done here.
If it does, we'll all be very happy. I hope everyone that turns a hefty profit takes some of it and does something for someone else.
I'm with you. I've been sitting long on this stock for 3 years. I hope it runs like wild but being a technical guy, trends do help. If the stock falls from a new high then at least we know what the new support level will be.
WATCH FOR THE "W" over the coming days. Would not be surprised to see the stock pivot quickly from tomorrows high and fall to support levels. You could then see a 38 to 50% re-tracement upward, than a second fall to or just past the support level. If this second dip happens buy back in because the stock will take off again.
If for some reason we fall from highs back to support levels and there is not a re-tracement upward, watch out. It could stay at those levels for sometime.
It depends on a few factors, but if the market price opens tomorrow 50 - 100% up from the close then the shorter's will be called. On most margin accounts, once the 30% thresh-hold has been passed, you will be required to cover the debt. There may be a few unhappy MM by 10 tomorrow.
One more point - When the shorter's begin covering, the stock will re-act in a big time upward trend. I would thank that the stock will be somewhere around 14 to 25% up near the open. You will then see the shorts start covering and once that begins, the stock should go up 50+%.
Charles Schwab. Trades are only 8.95 and you can do it yourself. As a broker from another large wire-house,I even use it for my personal stuff. Easy and inexpensive.
This is a good sign in my opinion. Very bullish.
We can expect a slight retraction from this mornings highs. Resistance for today will by .0057. With volume high again, we should test .0057 this afternoon.
This stock trades 1 million shares or more per transaction. We're not dealing in Blue Chips here.
Some tech for you:
10 day Channel - Buy
20 day moving avg. - buy
20 MACD - buy
20 day bollinger bands - buy
50 day parabolic time/price - buy
Pick up a series 7 book and read about securities and tech analysis. It may really help you.
I'll buy your shares.
52 and counting.
With the MFI, MACD, and STO all passing through their parameters and LLEG is now outside of its price channel it is difficult to find a true resistance level. All I can say is, "How Beautiful it is to be a LLEG'er"
I've never been to Berlin, NH before so who's throwing the party up there once this hits? I'll bring some good bourbon from Kentucky.
Been away from this thread for awhile but things are looking good. I have a wire transfer that will hit early this morning and I'm looking to add to my 3 year long shares today. Let's keep the pps low enough this morning so I can add too my shares @ a good price.
I'd love to see $1 next week but I don't see it in current valuation. Please explain.
Link to today's paper.
http://www.laconiadailysun.com/BerlinPDF/2010/4/13B.pdf
Interesting. LNGT needs to come talk with me. I'll market, distribute, and sell the heck out of this product.
Hey everyone. I hope all are doing well. A few thoughts from me... It is apparent that interest in LLEG is waning. Concepts and leverage are very important to every small or large company and LLEG's officers have done a great job in this arena. The other major areas for a company's survival of course are revenue flow and debt to equity. With a lack of revenue and I'm sure a debt to equity ratio that is high (No public info on this), LLEG will stay flat.
Outside of "us" longs there will not be much interest until there is proof of revenue generation. PR may help stabilize price but it is not enough to send LLEG on another upward run. If LLEG's officers forecast a project that will soon begin to generate revenue, attention could be brought to investors by releasing LLEG's financials publicly. The release of financials would generate attention very quickly and offer investors a full disclosure statement.
Thanks
Do you happen to know how many shares are outstanding?
New to this board. A friend told me about this stock. What's the potential here?
Hope you don't mind me joining in but I understand the wife thing. Much like you, I own 15 million at .0005 and she keeps asking me when this stock will finally hit. She already has the money spent. She has shown me the new house she wants (only 15,000 square feet, who needs that much?) and the several pair of new shoes to add to her collection. After much thought, I realized that I'm not going to see much of the profit from the 15 million so I'm going to pick up 5 million more and put it in my private Schwab acount. She'll more than likely find that also. In some crazy way, I do love it all though.
Might just need to set up a LLEG trust for my kids.
We want to keep this under wraps until the first of the year. I want the big jump in PPS to happen in 2010. I can't take any more profits because my tax bill would be way out of control for 2009.
We need a controlled clime here, but the day traders will play this stock again. Caution!