downtrend

LGL is now in a well-defined downtrend, with all indicators being consistent with this fact.

I sold half of my holding (large-ish six-figure number of shares) a few weeks ago for $3. This was at a very nice profit, as I've had my LGL shares for a long time, and at a much lower average buy price.

Today, I sold the rest, still at a profit, albeit a smaller one.

So I've made some decent money out of LGL, but this thing is going nowhere but down at the moment, and the head-&-shoulders pattern on the chart would be consistent with this view.

Today's price hit the low of 20th April, and I have no wish to see my profits dissipate any further.

So I'm out. But if LGL shows a good turnaround, and breaks upwards into a well-established uptrend, I'll be back in. But I can't quite see that happening for some time.