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Here's the scenario
by: lookinsmart2002 09/13/05 11:54 pm
Msg: 150189 of 150189

LOOK has to hold over the dollar for 10 sessions to avoid delisting if memory serves correctly.

Delisting must be partially priced in at the moment. If it avoids delisting, it will therefore rise.

So here is the scenario IMO:

1. LOOK jumps the dollar mark this week.

2. LOOK spikes once going over the dollar as the prospect of delisting is no longer so strong and speculative watchers of the stock jump in.

3. LOOK retraces slightly after a few days, still over the dollar

4. As the ten days draws nearer, LOOK becomes an extremely good speculative buy purely on the fact that if it makes the 10 days it will avoid delisting, and catches the attention of buyers from further afield.

5. Each day nearer the ten days, it will be more and more likely to avoid delisting and hence be a stronger buy.

So IMO once it has gone above the dollar for say 5 days, there is no way it will fall below again during the following 5.

Add to this that the charts have not looked more positive for years, so it will already be on the radar of many chartists.

IMO delisting looming will actually help the shareprice for the next 2-3 weeks.

Thanks Lookin ...

:)
LC

PS: That $1.00pps is currently $1.31cps (approx) for LOK, here in OZ .... A minimum gain of 17cps is there for the taking, ATM.