Replies to post #45530 on lowtrade

[lowtrade]

I've trade Liquid Metals many times over several years. It's a stable company & management, with spikes of news events. The way to play it is buy the news and take profits when they present. Because the price always walks down with lack of shareholder support between news events.

Right now IMO the chart is calling for profit taking.
http://stockcharts.com/h-sc/ui?s=LQMT&p=D&yr=0&mn=6&dy=0&id=p92136303176

[lowtrade]

Just a note about LQMT's post a little while ago.

I just checked the chart again, as I do from time to time, looking for a new LQMT play. And, this time, it is presenting a Heads & Shoulders pattern. (Negative) Expect a strong retrace (ADX indicator is above 50) when/if the 26 cent neckline is reached. Could see another nickel down to the 21 cent area again. Mentioned this sort of thing happening at LQMT in last post. Well; I expect to see it again.

Take profits if you have them. IMO

Heads & Shoulders pattern;
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_top_reversal

LQMT chart;
http://stockcharts.com/h-sc/ui?s=LQMT&p=D&yr=0&mn=6&dy=0&id=p92136303176