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Thursday, September 10, 2009 10:31:05 AM
Remember these are stories reporting details from an interview. The interviewee for the most part does not get to review or clarify points reported. DS told me that BB was misquoted in the Washington Times article regarding the timing of the order. So likewise I would question this US-1 reporter too - what did Bob say exactly versus what was understood or misheard by the reporter. Heck the reporter could add personal opinion in the article too and that could be misleading.
I am a long term holder. I will not add anymore shares as I have met my personal max. % of portfolio for this company. I believe what we are seeing is a rollover of holders before the next wave up.
The question to ask is who is buying all the stock that was dumped on the market. My opinion is that there are new investors coming into this stock that are just starting to react to their Due Diligence review of the recent LNGT news. It takes weeks for investors to make long term build up of position - they review their DD and look for buyin opportunity. Some of the heavy hitters may want to see if a Private Placement is available so they can buy volume at low prices....and based on the last Founders Message, LNGT is not looking to take in financing. So a big player needs to slowly acquire stock without running up the stockprice. Maybe what we are seeing is accumulation while others are cycling out.
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