InvestorsHub Logo
icon url

ProfitScout

03/24/07 1:03 PM

#283 RE: maronti1 #282

Here's my comment on yesterday's action in LLLI. The stock was taken down under .05 by manipulative forces (shorts, market makers playing their games, etc.) There was no negative event tied to the company to account for the price drop. After the stock was knocked down and weak hands scared out, accumulation started by those who have done their homework. Yesterday, the buying got heavy enough to apparently scare shorts into covering which caused the spike late in the day. Bottom line, if you know your stock is down for no fault of its own, take the opportunity to pick up more shares at the discount and have a little patience. For those who played this move correctly, LLLI just awarded more than a double in very short order.