Laser Energetics, Inc. (LNGT)

[JER01]

>>>>why is LNGT continuing to go down? Any thoughts? Is this a temporary setback?

Cheers,
Blondie<<<<<

Blondie,

I don't have the capability to draw & annotate on these charts, to explain why we are at an important junction, but take a look at a 3 yr daily chart.

http://stockcharts.com/h-sc/ui?s=LNGT&p=D&yr=3&mn=0&dy=0&id=p19327973859

The 0.050 level is a very important support level for a number of reasons. The lows in Oct 06, The hi in Jly 07, The low in Oct, 07. Combine that with the 2 moving average lines LNGT is now bumping up against. Would Very Much like to see it hold at these levels.

Jer