LGBS Daily Chart ~ A Nightmare That's Almost Over
Post# of 2561
Posted On: 01/19/2014 5:29:11 PM
LGBS Daily Chart ~ A Nightmare That's Almost Over
LGBS was originally an off board request from a few people I know who entered this stock on Dec 11 and 12 during a heavy spamming everywhere on this company. A couple of them actually entered the stock on the day it ran hugely outside of the upper bollie on Dec 12. While they have been trying to catch the falling knife since then, everyone knows how you can get sliced up by doing that. I guess a few of them didn't like what I saw on the chart, so they referred to it as Big Tuna BS on LGBS. I look at it now and the only BS is the stock. So let's break it down. Understand that what I saw back in mid December was the huge day outside the upper bollie. That selling volume was historic, so no one can tell me that the front loading pump and dump armholes and/or the company didn't dump a ton of stock into the market that day. The FullSto and MACDs crossed to the downside over the next couple of days. When the stock steadied a little bit in the .0011-.0013 area just above the MA200, I told the same people to be careful should the MA200 and 100 be violated. So although I only gave an opinion of what I saw on the chart, my 'BS' has witnessed the stock falling from .0028 to .0006, so far. Believe me, I've been there, done that. And that's why it's critical in the pennies to follow the indicators, especially the negative crossovers. If you are following this one, I really don't have much to say other than the stock is now back to where it began in late November. I know nothing about the company but it would be interesting to see what happened with the share structure since then.
LGBS was originally an off board request from a few people I know who entered this stock on Dec 11 and 12 during a heavy spamming everywhere on this company. A couple of them actually entered the stock on the day it ran hugely outside of the upper bollie on Dec 12. While they have been trying to catch the falling knife since then, everyone knows how you can get sliced up by doing that. I guess a few of them didn't like what I saw on the chart, so they referred to it as Big Tuna BS on LGBS. I look at it now and the only BS is the stock. So let's break it down. Understand that what I saw back in mid December was the huge day outside the upper bollie. That selling volume was historic, so no one can tell me that the front loading pump and dump armholes and/or the company didn't dump a ton of stock into the market that day. The FullSto and MACDs crossed to the downside over the next couple of days. When the stock steadied a little bit in the .0011-.0013 area just above the MA200, I told the same people to be careful should the MA200 and 100 be violated. So although I only gave an opinion of what I saw on the chart, my 'BS' has witnessed the stock falling from .0028 to .0006, so far. Believe me, I've been there, done that. And that's why it's critical in the pennies to follow the indicators, especially the negative crossovers. If you are following this one, I really don't have much to say other than the stock is now back to where it began in late November. I know nothing about the company but it would be interesting to see what happened with the share structure since then.
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