LRC appears to be trading close to it's "equilibrium" price. The LRC Linear Regression trendline is currently .021c. (my T/A)
Raff Regression Channel modeling shows that the range of deviation from here is to .031c on the upside and to.016c on the downside.
Picked up 500000 @ .022 yesterday on the expectation that positive news will drive the SP.
Am finding that Linear Regression Channel, Buy Sell signals are resonably accurate in "predicting" tops and bottoms in short term moves.
(Sold VIL @ $0.034209 23/11 based on the SP reaching the upper trendline. Subsequently proven to be correct as the SP has fallen since and equilibrium is today .031c. Lower trendline VIL .026c.)
LRC Price at posting:
$2.38 Sentiment: ST Buy Disclosure: Held
