Good point @Bagman22
still another day, and LOM grinds stil but lower, meaning that the mkt clearly has concerns, and they need to be addressed.
Heavy selling at 20c IMHO is not just 20c stop loss selling.
So again, reasons for situations like this are a combination of mkt speculation matched with poor mkt communication by the company.
companies like LOM don’t just “recover” buying isn’t simply going to materialise just because people feel good from one day to the next. Buying is generated when earnings can be seen, and company goals delivered upon. The current LOM SP reflects mkt mis understandings of projects and project goals - this is something that LOM should work to improving on in 2019.
have a great week LOMers, tough day, poor SP, no news. Anyway Xmas is just around the corner and it’ll be good to know that the LOM offices will be closed, and the team will get a break - hopefully it’ll give the guys sometime to not blame the mkt, but work on what they can do better in 2019.
