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Re: Jimmy777 post# 8571

Monday, 05/28/2012 10:47:56 AM

Monday, May 28, 2012 10:47:56 AM

Post# of 233591
Agreed. Where there is smoke there is fire. And, looking at the chart, (which may be meaningless) it seems to be due for another run, so I'd expect another rumor or piece of news to goose it up! That's why I'm not selling. This runs so unexpectedly, ya gotta hold. So far, the strategy has been to sell the spikes...until one day the spike just keeps on running! I've seen that happen over and over again! (Most recently with ROSG). The MMs spike it and dump it. Spike it and dump it! Spike it and dump it! Then SPIKE! SPIKE! SPIKE! SPIKE! AND IT runs away from you!!! So I'm not gonna let this one run away from me. I'm holding and holding 'cause I know it's gonna run! ON the chart below, notice how the 50dma has just kissed the 10dma...which forms a perfect support level...and notice how the MACD is now turning up. (It will take more time for the 200DMA to start moving upwards, but it is reversing from the downtrend...) I expect a close this week of +.35...where upon I will take another huge position getting myself ready for the run past $1.00

http://finance.yahoo.com/q/ta?s=LQMT.OB&t=6m&l=on&z=l&q=l&p=m10%2Cm200%2Cm50&a=m26-12-9&c=
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