Replies to post #495 on Lotus Pharmaceuticals Inc (LTUS)

[saur9681]

Thanks WT!

It looks like LTUS broke through the $2.30 support level today, but looking at a year chart, it looks like $2.20 is another support level that has been hit 8 times the last year. Tomorrow should be a good day to buy, but if there's another weak opening then it could hit the next support level at 2.05. Just think of it as an even greater buying opportunity. I have a limit order I'm sitting on at $2, which could be wishful thinking, but you never know. Either way it's a crazy good value right now.

[manatee]

The AMEX is their only option for uplisting as the current share price does not meet any other exchange's minimum price. Frankly speaking, doing only a 1 for 2 split leaves little room for error. Drop another .20 and forget any uplist at all. Either they are very confident or they lack understanding how the market works.
FWIW, Im long LTUS even with my unsure take on the land issue.