Monday, May 15, 2017 6:26:22 PM
You make a good observation PME. Although that right shoulder is a short one. I found today's trading unusual. Nearly a 5 point range on only about 3 Million shares and that brought us down to the old support of around 25. This just happens to be where the Linear Regression Line is now and the Bollinger Bands have not been violated as yet. However, other indicators have worsened but I am still going to take today's action as an aberration caused by someone in need of immediate money to cover a margin call caused by another investment and possibly forced to sell a profitable low priced position by their broker. I have seen this situation arise in similar circumstances. You are correct about tomorrow. We will see if this same person has more shares of LQMT to sell if they got a further call. That is if my assumption is correct. Today's action seemed to me to be selling of desperation rather than a trader taking profits. A trader just taking profits would have been much more discreet. Weakness as today would signal, at least to me, bad news to come. Right now I do not see this. This is how I see it. TWT if I am correct. If further weakness would happen minus any negative news , I will Buy more. All the best PME. Thanks for your input. Tlsmd
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