re: lok looking good, fundamentals first LOK will strongly rebound tomorrow after a huge Friday on Nasdaq with in excess of 5.7m shares traded.
LOK fell dramatically just after open to US$2.36 but then came a very strong and consistent wave of buying with LOK steadily increasing throughout the day to close at US$3.05.This roughly equates to 25.8c for LOK here.
Before relying on any technical analysis, look at the fundamentals.Forecast EBITDA of US$25m for 2003, US$50m in cash, growing its business at a great rate and LOK has positioned itself to take full advantage of its paid inclusion platform.
Furthermore, for the first time LOK is now operating profitably and there are clearly shrewd US investors who think LOK is cheap.
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