Looksmart Limited (LKST)

[andy20020]

Ollie ... take a look at the daily chart ... there was a good bounce off $4.25, but it didn't hold and ran out of volume into close then 5 Million in close ... whew when has that ever happened?


I don't know who's buying, let me know if you do, but I see massive massive manipulation here ... the pro traders just zoom in on any big volume mover for the day and shares get traded 8 - 10 times ... there may have been only 2 million shares actually changed hands at the end of the day. They were selling it off to support with a 15k buy then it would run a bit, the 15k would dissappear and they'd short 4-5 cents worth of buys in one go, and round and round she went.

I saw $4.24 AH, which to me suggests break down to $4 ... and I have $3.97, then $3.85 odd as key support levels beyond that ... !

As for my holdings ... sold all longs yesterday, just daytraded two buys two sells today for a small profit, and will do so based on what I see daily.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=look&sid=0&o_symb=look&f....

Ollie ... would you call that candlestick a shooting star?

Regards