My theory is that its a profit taking selling for 100% profit. All good...any rise never happens in a straight line.
I did notice something else though...after hitting 0.7...it seemed sellers were keen to not let it happen again...for me a sign that smarter traders are now in the mix with greedy fingers and doing what a call a "roper doper move"..like boxing...you hold someone in a certain place and do a job on them. Happens all the time on the market...its accumulation.
In a way though..I am happy $35K orders are starting to appear...would be good if $35K buy orders would take out $35K sell orders and I reckon we are close...people seem to be buying in 5K or 6K lots..with a $12K order seeming out of the blue...so maybe we are getting slightly bigger money interested.
Time will tell..but we cant stay at half a cent for too long. The company is profitable.....its actually dont well the last 2 years. Another quarterly is due by the end of this month...so lets see where they are at.
LSL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
