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Sunday, September 12, 2010 11:42:05 PM
1. Read all the filings for at least three years to know what this company has done and who's behind this stock. Business changed many times, IT, selling coffee, now battery, new ceo, but there has been the same a few people behind this stock including the former female president who has only high school degree, former real estate manager.
2. Call LMCO and SLPO, both to find out what SLPO is up to. In my research, SLPO is a scam stock using LMCO's back support. They don't any scientist, no developemnt is going on. I don't know what deal was done between these two companies, but there's no any evidence showing SLPO is involved in LMCO's battery development project.
3. SLPO produce zero revenue, spent very little on battery development, which is about equal to one person's yearly salary. Again, to have feeling about this company, read their financial.
4. Do not trade betting this stock will go up, because I've seen almost in all cases, people behind this stock dump their shares when technical is good for going up. That's when people buy, and that's when they dump. Do not rely on chart. It's the trap. I'm technical trader, have seen many many cases, they're very desperate on dumping shares whenever price is up. It will cut 50% easy with sudden drop when chart looks like ready to break out. I have never lost with this stock because I know about it. I recommend only buy low, never buy when it's up from bottom. There will be many chances available for you to buy on dip in future if you trade in/out quick like I do. Believe me. Always bet this will tank anytime, not upside. Any 20-40% up is sell. Never chase this stock, you'll get caught.
Lastly, again, do your own dd suggested as above. Don't think you'll miss this stock if you spend time on doing dd because I can 100% assure you, you'll get lower price after you finish your dd than the day you thought you had to buy without dd.
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