Looksmart Limited (LKST)

[andy20020]

2 days ago - "So If this is a jack up ... with the Asian indexes off today and so much economic data out .. they should try to push it under $4.25 at open and force it down to $3.90 - $4, then they buy it big time depending on news and the market.

If old Elliots wave theory can be applied (and I'm a rank beginner here) ... then last night was the top of the last fifth leg ... so we should now get a three leg down cycle ... first (probably) to 31.8% retrace ... $4.08, then a rise to $4.44 then the big leg down to $3.675. At which time we start another five legs up. (all assuming no news!!!)"

Now THERE WAS NO BUYING ... so I have to assume the second scenario comes into play.

Regards