Hi Frank,
Thanks for passing that along. Good earnings, but I am surprised they didn't do even better the way drilling has
been humming along. Will be interesting to see what effect the news has, I assume that was released after market.
IMO, it won't move it up much, if in fact the news isn't sold!
TA forced me out of the stock, matter of fact I mentioned I was lightening back in the 12's and holding the rest. Sold some in the low 10's that I was going to hold onto LT after a few test sales showed the buying interest had evaporated.
It's a thin stock and sometimes an experienced hand can generate their own buy and sell signals this way, though a novice will get his head handed to him trying this, but then again maybe that is the only way to learn the "Livermore Tape Read". Prudence and a quick mouse finger can keep the damage kind of low, that's how I learned, as usual, the hard way, ggg.
I still like the company and the stock, when the TA improves as it will someday, I'll be back buying it in increments at the first blush of the dawn, even if that dawn shows up tomorrow afternoon, ggg. But I would prefer to wait until the sector wakes up.
Best Regards,
Roebear |
