InvestorsHub Logo

Jason Bond

11/06/10 12:42 PM

#15678 RE: lawjak #15677

first of all, anytime and thanks for saying so. technical analysis is what i do and this has been an easy one to chart so it's fun to chat up the winners.

moving on now to your second question. i have not looked into the fundamentals on lfbg other than cash flow, income statements and balance sheets as well as recent news. if i was 'investing' myself or doing a research report versus looking to spot day and swing trades i would spend time with the fundamentals but most of my work is geared toward day to swing traders.

(TI pauses cautiously as all the longs cringe)

no seriously though, when a penny stock does well day traders, swing traders and investors win - it's hard to spot the top but healthy trends are better than rockets for the longs like yourself.

your numbers are just so far from where we are now. you should learn about what makes a company profitable and how that impacts price to better answer your question.

with that being said, i honestly couldn't answer your question truthfully without doing some research. there are likely more qualified people on this board who are long to provide that type of insight. you should always substantiate any advice with your own research as well to eliminate all bias. for example, had i done my first video chart on lfbg the weekend of october 8th i wouldn't even be having this conversation right now so i am only here cause it's a success story for me and the member i blogged for.

what i can tell you is that this is a penny stock for a reason and they are much more risky than large cap stocks which are also risky, just more stable. the reason your hear excitement in my voice when i break down the chart is because lfbg has provided traders on my board lots of opportunity to make money repeatedly due to increasing price and huge volume, both of which are very important to serious day traders because it minimizes risk and increases the validity of the chart analysis, simply put - supply/demand and support/resistance.

while technical analysis (what i do) can sometimes escape fundamental analysis for a short time, fundamental analysis will always catch up to the price action sooner or later.

the best way i can explain why going to the price levels you asked about will be difficult is this...

look at the quarterly income statement for Ford which was recently around a $1 buck and now around $15 bucks and then compare it to Left Behind below it. bottom line company's need to eventually make money. recent news on lfbg has people excited because anytime you get a product in stores it's evidence of growth - growth you don't often see penny land.

sorry i can't be of more help, maybe i will do a research report on it at some point but don't have the time this weekend.

Ford (F)Income Statement

http://finance.yahoo.com/q/is?s=F&annual

-----------------------

Left Behind (LFBG)Income Statement

http://finance.yahoo.com/q/is?s=LFBG.OB&annual

disclosure: this corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. i am neither licensed nor qualified to provide investment advice. i was not paid, nor do i hold a position in this stock. i reserve the right to buy or sell LFBG at any time after this post.