dbyrt
70 posts
msg #57168
- Ignore dbyrt |
11/29/2007 12:47:47 PM
I'd been following LBAS for weeks, considering getting some. Never seen a graph like it. And then, over past few days noticed a more than usual % increase and greater volume...........and then today, up 10%...............and then......wham, down 20% from there. Bubble burst on that one in a big way.
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dbyrt
70 posts
msg #57174
- Ignore dbyrt |
11/29/2007 2:17:10 PM
Unbelievable, you have to take a look at the chart..............its gone down further in the afternoon, down over 30% from yesterday, but what a chart!
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davidkluong
1 posts
msg #57183
- Ignore davidkluong
modified |
11/29/2007 4:48:39 PM
yeah..i've been tracking. What do u think caused it to go down soooo much in one day?
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dbyrt
70 posts
msg #57187
- Ignore dbyrt |
11/29/2007 6:17:41 PM
I think its a case of 'killing the goose that laid the golden eggs'.
People started to notice, decided to get onboard, and whatever game was being played, it fell apart in the light of all that volume and 'outsider' interest. How can a stock always go up, every day for months by the same amount??
This seems to be one aspect of OTCBB stocks, and the reason why I've stopped trading them. Unless you're 'in' on whatever game is being played, you're likely to get to caught out.
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13th_floor
724 posts
msg #57201
- Ignore 13th_floor |
11/29/2007 10:29:06 PM
There's been a bunch of these kind of charts over the years,the every day climb then disaster sooooo fast.
2 I remember vivid are :
LXRS feb 24/04 for 4 months straight up every day!
MNCS april 13/06 for 6 months straight up every day!
And then ............EL SLAMMO
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dbyrt
70 posts
msg #57217
- Ignore dbyrt |
11/30/2007 10:44:13 AM
saga continues.........from a 52 week high yersterday, to a 52 week low today!!!
What a sell-off.
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nikoschopen
2,824 posts
msg #57219
- Ignore nikoschopen |
11/30/2007 11:37:14 AM
Typical pump and dump that guarantees instant ruin for the uninitiated.
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13th_floor
724 posts
msg #57268
- Ignore 13th_floor |
11/30/2007 9:58:55 PM
"saga continues.........from a 52 week high yersterday, to a 52 week low today!!!
What a sell-off."
Yes but what a coup for a day trade today.
From lod $1.30 just after 10 a.m. to $2.47 2 hours later!
I love this volatility junk.
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dbyrt
70 posts
msg #57269
- Ignore dbyrt |
11/30/2007 10:05:35 PM
yes......couldn't resist any longer and got in today in the 1.40's and out in the 2.30's. That's it though, who knows what will happen next!
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13th_floor
724 posts
msg #57270
- Ignore 13th_floor |
11/30/2007 10:33:14 PM
dbyrt,
Great trade!
I didn't do nearly as well taking it from 1.60 to 2.20 but still very satisfied with 37% in a couple hours.
Let's watch it again Monday just in case.
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