I personally have been in and out of LGOV many times since EARLY 1995. Because of those trading experiences with this stock, I can ATTEST to the FACTS.
(1) FACT: LGOV has NEVER once traded this solid.
(2) FACT: The low was always .12 to .15 cents until this last time where the low was .07
(3)FACT: In the past, once LGOV broke .25 to .28 cents, it would take a RUN to .50 to .60
What do I draw from this? I have NOT a clue just WHERE (LGOV) will be priced WHEN the RUN (which would seem VERY likely) would begin. As John points out "ACCUMULATION". As this accumulation in LGOV continues with the "inch worm determination", lets assume .50 should be at least some resistance. However, if LGOV comes out with the GREAT NEWS that this thread believes they have and say LGOV is priced at .45 to .49, then it would be NO SURPRISE to me to see .50 cents taken out FAST and NEVER return.
Should this occur, then these events would capture the attention of a flood of NEW Investors & Momentum Buyers. Causing attention from those who would see This China deal for the potential it really is. That in turn would attract the type of LONG TERM Investors like the ones who buy COKE......some might call this hype.....I'm just simply placing FACTS along side POTENTIAL........Either LGOV has this or not, as John said SOMEBODY is Accumulating shares of LGOV, because many of us have our wagons loaded already. As far as I know there are NO PR pushing this stock, just the packets sent out which LGOV's stock should have already seen the effects from that....
Makes me wonder if this accumulation could just continue to occur. This is not likely coming from small investors like most of us. If that is true, then it is also likely that they would be buying right on through the $1 $2 whatever, up to a point. They likely already have an amount and the cut-off, and they likely intend to make a profit from that point.....
I suggest everyone re-read John's post # 1124
Just my observations & perceptions,
Regards,
Malcolm
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