You guys crack me up!!! This is a high end clothing company, it's a LONG term investment... You might get pops here and there but seriously you need to trade this on fundamentals and outlook. Anyone stating anything else is just trying to pump it up as much as they can to sell you their shares and get out because they got caught up in the hype that previously happened.
Do I think it's a good company? Yes
What do I think about the PPS? I told you in an earlier post that I think it's going to go lower and call me crazy but I have a buy in for .05
Will I get it? Only time will tell but I think it's going to be real close.
One thing is for sure, volume definitely drives this one pretty quickly and when the volume starts to thin out like it is doing now, we slowly go down... Don't blame me, it's just the history of the way LOTE trades.
Did you really think that day it went up 300+% on the Bloomingdale's news it was going to keep going and going? HELL NO, it became a day traders dream and they got out leaving you to hold the bag.
Sorry to say but I think most people thought Macy's picked up the Lot78 line and did not completely digest the PR that only "select" Bloomingdale's will be the ones actually carrying it.
LOTE just borrowed $100,000 on a note with a 10% rate. Does your gut tell you that is something a company does that's ready to take off? Go to the moon? Skyrocket or what ever other term these pumpers have been using or does it sound like a company in it's infancy?
Sit back, get comfortable and with time you will be happy you invested in LOTE, but please don't keep pumping this stock just because you made an impulsive buy and want to get out.
