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deadjim

11/11/11 6:56 PM

#77514 RE: Fernace #77512

not sure, man. this play on LBSR isn't necessarily dead yet.. and if it does die there are ways of getting out.

I remember when I first posted to the board when I got in (I bought into the run and was up 400% rather than half the bashers here who bought into the highs, so I still feel no reason to doubt myself) I was stating that the move was going higher, but to sell into the rally. So what'd I do? I go reading what it was I actually just bought and well, I started liking it. I anticipated a long consolidation period even before we hit a top at .19.. and currently, we're in that consolidation period. I have no idea what the outcome here is.. but I haven't given up on this yet. I have a few grand in cash specifically for this play and for flipping any extreme volatile lows to either get out or to remove some of my cost basis, and so far, we're just not done yet.

I do think that if JB and management cares about the importance of the share price here (ie, the only way they can get decent financing) they do have something within the next few months that the market will pick up as catalysts.


Until then, I've no idea what this is going to do in here, but adding blindly is not an option. I won't however start believing any kind of hype about speculative companies who use promotions as a means of getting their name out there. It's just not how the market works and promotions have an EXTREMELY low rate of success