Good morning to all - I do not see this developing into a bear market!
It is June and always in this time of the year buyers pull out knowing they can buy in a little lower.
The selling going on is not in a panic mode if it was you would be under 0.03 cents in no time. - I would just be putting down to taking some profits before June end and/or needing some cash flow for other opportunities.
Look at the numbers - not much volume over the last few days. Those that are selling are doing the sale into the buyers that are available at the time. I have sold a little over the last few weeks myself and it has nothing to do with panic selling. Also I might add I have brought some over the same period as well.
If the opportunity presents itself in lower prices then I will be buying much more than I have sold lately. My position is for the long term and sentiment is still a buy! Buying when available cash is available!
LPD Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
(20min delay)
