look closes down again, page-8

re: look closes down again: lol < Yes ........The "lowest" volume traded, in recent times. Note also smuggs ........THAT volume (in LOOK's case) is mostly associated with BUYING, as can clearly be witnessed below. >

And with today's volume up by over 63% on yesterdays, the SP rose accordingly. It's not "rocket science", as they say!

Thanks to PG (on OzeStock) who has provided the following (broker's?) thoughts, for LOK.ax:

SHORT TERM COMMENTARY:

Looksmart Limited [Tuesday 9 Jan. 2007]:

Looksmart Limited fell by 3.31% yesterday, from AUD $6.05c to AUD $5.85c. The price has been going up and down in this period, and there has been a drop of 4.1% for the last 2 weeks.

Volume fell yesterday along with the stock which actually is a good sign as volume should follow the stock. Yesterday the trading volume fell by 4,781 shares and in total there was only 200 shares bought and sold, for approx. AUD $1,170.

3 MONTH TREND

Looksmart Limited lays in the lower part of a very wide and strong rising trend on short term, and this will normally pose a very good buying opportunity. A break down the bottom trendline at AUD 5.84 will in first place indicate a slower raising rate, but may as well be a early warning for a trend shift. Given the current short term trend the stock is expected to gain by 40.9% during the next 3 months and with 90% probability hold a price between AUD $8.23c and AUD $10.54c at the end of this period.

Date Open High Low Close Volume Cumulative
Dilution Factor
09-Jan-2007 5.8000 5.8500 5.8000 5.8500 200 1.0000
08-Jan-2007 6.0000 6.0500 6.0000 6.0500 4,981 1.0000
05-Jan-2007 5.8500 6.0000 5.8500 5.9000 8,315 1.0000
04-Jan-2007 5.8500 5.8500 5.8000 5.8000 1,681 1.0000
03-Jan-2007 5.8500 5.8500 5.8500 5.8500 17 1.0000
02-Jan-2007 5.8500 5.8500 5.8500 5.8500 62 1.0000
29-Dec-2006 5.8500 5.8500 5.8500 5.8500 148 1.0000
28-Dec-2006 5.8500 5.8500 5.8500 5.8500 44 1.0000
27-Dec-2006 6.1000 6.1000 6.1000 6.1000 0 1.0000
22-Dec-2006 6.0000 6.1000 6.0000 6.1000 500 1.0000
21-Dec-2006 5.8500 5.8500 5.8500 5.8500 100 1.0000
20-Dec-2006 5.9000 5.9000 5.9000 5.9000 1,500 1.0000
19-Dec-2006 6.1000 6.1000 5.8000 5.8500 1,139 1.0000

Interesting!!

The $4.94c (@ $1.28110) gives LOK today, an approx value, of $6.33c. The $5.00pps high of the day, equals around the $6.40c ......Buying up to that mark is a pretty "safe" bet, IMHO.

dj