Ann: Exceptional Lulo Diamonds Sell for A$5.1 Million, page-149

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dominic824

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13/10/15

17:48

Post #: 16168527
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Originally posted by crafty yarni ↑

A question for unawares, dazz or other long term holders. ..

Is this a stock that only currently benefits long term holders?

The reason i ask is that we were at 47 before the first of two very positive announcements. Now we inadvertantly sit at 43.5. I know the big players determine how the market moves, but i am thinking that those persons with the oppies and lomos are also controlling this market to no end.

When does this stock begin to be fun for new holders who bought in at 46 cents. ?

I was confused to no end to come home and see the price down after yet another positive announcement.

As much as i don't like what the jawdropper states, i have to admit that he has picked that this would happen.

If we can read charts and predetermine what will happen next, surely there is some concern that the price is following the same pattern as the middle of last year.

On July 10th, 2014, LOM hit a high of 61.5. Two weeks later on July 24 it closed at 38.5.

Looking at the current form, LOM his a high of 61 on October 6th. Today, a week later, it sits on 43.5. What will the price be in a weeks time? Patterns and history dictate that it will fall to 38.

Now, i don't have a money tree growing in the backyard but i, have to admit, I reluctantly bought during the auction today and bought in for my 4th parcel. Im into this stock for 38k. Original investment was 10k.

I do want this stock to succeed but am baffled by the SP, especially after the last two days. I keep reading that 46 was good buying. 43.5 must be stealing then.

I have a little more stashed away if it hits 38.

I need to tell the wife we are not eating out until SP hits 60 again. I hope she doesn't have to wait long.

Ive rambled long enough now.

Thoughts anyone?

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I'm new to investing in the stock market, a mum and dad investor. I bought in at 54c thinking long term. The anns and presentations made me think the opportunity is too good to pass up. Question is, why did the SP go down so quickly after a good announcement? Shouldn't it go up if there they're finding expensive diamonds and kimberlites? I'm confused

LOM Price at posting: 43.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 3.5¢		Change -0.003(7.89%)		Mkt cap ! $10.15M

Open	High	Low	Value	Volume
3.8¢	3.8¢	3.5¢	$7.985K	219.1K

Buyers (Bids)

No.	Vol.	Price($)
1	2000	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	20000	1

View Market Depth

No.	Vol.	Price($)
2	22000	0.036
4	394979	0.035
1	210000	0.033
1	200000	0.030
1	111148	0.027

Price($)	Vol.	No.
0.040	20000	1
0.046	150000	1
0.053	100000	1
0.055	30000	1
0.062	120000	1

Last trade - 13.38pm 10/09/2024 (20 minute delay)

LOM (ASX) Chart

Ann: Exceptional Lulo Diamonds Sell for A$5.1 Million, page-149

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Ann: Exceptional Lulo Diamonds Sell for A$5.1 Million, page-149

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