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Thursday, 05/10/2012 10:02:21 AM

Thursday, May 10, 2012 10:02:21 AM

Post# of 233256
I have a question for whomever and just so everyone knows, I am generally a investing kind of guy and typically buy things for the long term believing that the price I pay is low for the value.
A couple of months ago, I bought LQMT at around 15. From my DD, I thought it was a low price for the potential. Having seen a few 'penny stocks' go up and down, I put a (what I thought) good profit potential on the purchase at 29 cents and it sold a few weeks later. After peaking at about 33, LQMT turned around and came down to almost 14 just after the EOY earnings report. A week or so later I was just getting ready to repurchase the stock when it started a hefty climb on what I viewed as just rumour news of AAPL using Liquid Metal in their products. It reached 60 or so and lately it has been drifting back down.
I now read on this Ihub how some think this stock is so low and I'm wondering why people think that when it was around 15 a couple of times in the last few months and since there has been no news that I am aware of, what has caused such a purceived increase in the value of this stock.
I'm not a pumper, basher, dumper and really neither a day trader either; just curious as to others thinking????? Is / was 15 cents such an unreasonable valuation of this company a couple months ago and what has changed that valuation?
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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