Looking at the LPI chart, it seems there's probably a bit of support around these levels down to around 55 cents. I would imagine we might hold here for a day or two before another potential next leg down. I take my general market feel off the S&P 500 which serves me pretty well. Today that closed flat at just 0.22% down. That was on the back of a 2 month bullish rally in an overall bearish market. For LPI I'm looking for us to head down to support at around 50 cents before the turn back up. I think it important to remember that we are still in a pretty dire state gloabally. I'd wait for some pretty decent confirmation before looking to buy again around these levels and trying to catch that knife. We're still a small cap with enough risk to keep big money out for a while.
Keep your powder dry.
LPI Price at posting:
56.5¢ Sentiment: None Disclosure: Held