Looksmart Limited (LKST)

[andy20020]

Mmmmmmanipulation ... that's the name of the game! I see the Nas finished a fraction over 1700 on it's low for the day, whereas LOOK closed the gap and there was huge buying support in the face of adversity into close. Have a look at a daily chart and see how they manipulated it .. the wheels fell off the Nasdaq at about 2.10pm (always happens after lunch - LOL) but notice how they triggered LOOKs drop from 1.45pm with 500k shorts from then to 2pm to drop it under $4 ... then let the market do the rest ... funny how they knew just when to get it under $4 (Compare QQQ and LOOK charts to follow this). They must have known the market was tanking, bloody jack up every time!

Then they got it to $3.75 and even though the market was still droping like a rock ... those 500k shorts covered and made $100k+. They probably knocked off for the day then!

I suspect the market just wobbles along from here ... if so LOOK should be OK and this is the last leg down with a (hopefully) new five legs up about to start (depends on results and forecasts ... fingeres crossed) I'm placing a standby buy at $3.55 just in case the market sh$$s itself (gold doing too well) but I suspect this is it. Back in again at $3.81 US - holding LOK's also.

smugs ... remember about six months ago when you asked for a better stock than LOOK and I told you LOUD ... take a look at LOUDs chart and watch what happens to it over the next few weeks (they report the 30th).

Regards.