Replies to post #1211 on Total Sports Media Inc. (fka TSMI)

[Time2Surf]

http://www.barchart.com/quotes/stocks/LUXD

best
perform4u

[Lone Wolf]

I agree 100%. On a technical basis, today was a good day. I'm sure it doesn't feel that way for those getting in high yesterday, but that's why you start with a starter and add on days like today. Can't have this get overheated too quickly.

Looking at the weekly, we continue to challenge that upper bollie as well as that 50-day MA. Being nudged right under it with bids firming today into the close, I'll be hoping for a close above it confirming a break-out imminent. If we get that, we also get a nice bullish engulfing pattern set into play on the candles. The other thing the candles are showing is a very lovely expansion of volume. Very nice weekly chart. I like the daily too, but just so some of the hesitant can see beyond a day's trade, gotta keep an eye on the prize.

LUXD - Weekly Candlesticks

[familyof5]

"The irony, we are discussing a note that had a value of $60,000. THAT'S JUST PLAIN FUNNY."

I understand what your getting at but it's not like that conversion of debt is a non factor (no matter how small the dollar amount) because of the way it is being repaid (with LUXD shares).The after math of that conversion is that the 7 million float grows to a larger number.We have traded the float a few times over now which would make one wonder why we are not at a higher PPS as of yet.I'm clinging to the hope that most of IF NOT ALL OF these large block trades (Such as the one that once again came across right before the close today) we continue to see are coming from the LUXD debt holder and not the company it's self.I understand liquidity but not the need for it if the shares are being fairly valued.The market places a fair value on the PPS based on assets,debt,current and future income,and total amount of available shares.If fair value of LUXD shares is a dime or a dollar after a R/M then why should we care about liquidity or how fast it gets there,so be it.


Thanks in advance!