Looksmart Limited (LKST)

[andy20020]

If MSN cancels I have a mathematical projection of $1.79 on the SP ... The line (in the 10-Q) that seemed to worry people was "LookSmart added: "Based on our discussions with Microsoft, it is likely that the licensing portion of the agreement will be renewed, but that it will result in less licensing revenue than under the current agreement." "

Smugs ... was this in the previous 10-Q ???


There is a little buying support at $3 and the SP will probably drift lower .. how low who knows ... logic says $2.75, but the rules have changed if the revenue expectations have too.

http://www.stockcharts.com/education/What/MarketAnalysis/elliotwavetheory.html

All you blind longs ... why do you continue to believe smugs has any, ANY !!! idea about SP and markets .. he can spend all day on the internet doing DD ... but wake up you drongos and read the above educational item, and start to think a bit for yourselves!

Regards