MOMO'S BREAKOUT BOARD

[Grozny]

LLEG is looking to turn the power on
Posted on May 31, 2011 in General Penny Stocks - Leave a comment - Published by El Lobo

Good morning roaches,

I hope all of you rested up and enjoyed the 3-day weekend, because El Lobo is bringing you LLEG (Laidlaw Energy Group, Inc.) which is looking to test previous highs in anticipation of upcoming news.

LLEG is in the business of providing energy by means of biomass recycling, an ever growing industry in the United States. LLEG operates a few plants across the U.S. and is currently in negotiations to acquire a couple more. These plants add to LLEG’s revenue base which was reported at 2.4 million dollars in 2010. LLEG’s current undertaking, the NH Project, is set to be their largest yet. This facility located in Berlin, NH, is detailed by the company as the following: “The Berlin Project is expected to utilize in excess of 750,000 tons of clean whole tree wood chips per year in order to generate approximately 70 megawatts of electricity, thus creating substantial local economic activity for loggers, truckers and other local businesses.”

LLEG, according the previous press release, plans to uplist “to the OTCBB at the minimum” by filing a Form 10 with the SEC. This move would drastically increase shareholder value and make LLEG appear more suitable to longer term investors. The company also stated “we have identified another significant acquisition opportunity on the West Coast that if completed will give us over 30 megawatts of biomass energy in a market that is legislatively required to obtain 30 percent of its power from renewable sources.”

As you can see, LLEG has a lot to update on and have also repeated that an SEC filing is on the way as well.

On the technical aspect, LLEG is primed for a breakout. With the accumulation/distribution line at an annual high and volume picking up, the chart is ready to test previous highs. The recent resistance levels have been the .0058 and .0059 range and the previous high was .0072 which will be the key break if the bulls look to make a run to pennyland. Tentative support appears at .0047 with the bottom around .004. LLEG has been trading inside of a channel since December and hopes to break out with the help of some catalyst.

Looking to start the week off right,

El Lobo

Disclosure: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock. We reserve the right to buy or sell LLEG at any time after this post."

insert-text-here