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Re: Clarendon post# 139

Friday, 01/27/2017 10:12:45 AM

Friday, January 27, 2017 10:12:45 AM

Post# of 399
Modest position. I was hoping for a quick hitter to $2+ based on the quarterly results / plant sale. Swing and a miss.

I have told myself to be patient this time. We'll see if I have the displine. wink

I had a similar play with REED. Got in at $2.50, hoping for positive quarterly and bad juju from share offering to wear off, didn't get it, sold at $2.60. A few weeks later it was at $4. I have some motivation to be patient given how hot the entire healthy functional beverage sector is.

I think LBIX has hit bottom in terms of share price and revenues. So despite their apparent lack of effort, this stock price should rise, with time.