The run and volume on Wednesday was ridiculous ... I remain bullish because the figures show that nearly 600m shares are locked in place.
The 240m volume was trader churn. The so called "dump" today is that of momentum traders cutting there losses. Any pumping & dumping profit takers are long gone, and on to their next plaything.
The chart quite clearly shows that the massive jump was an aberration. What is also clear is that the uptrend is VERY real, and the break still in place. A two or three bar drop after a spike is always expected.
More to come from one ... but nice and easy will do just fine
LRC Price at posting:
1.4¢ Sentiment: LT Buy Disclosure: Held
