LNR 0.00% 0.3¢ lanthanein resources ltd

Buyer depth is encouraging 816k at 10c and a 1m between 9c and...

  1. 335 Posts.
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    Buyer depth is encouraging 816k at 10c and a 1m between 9c and 9.9c. We really need to hold the 10c line otherwise we might have a few problems on our hands (from a TA perspective). Just a quick glance at the orders in the 10c line and it looks like a lot of small orders, maybe a lot of posters here? In any case, to me that’s a good sign, I would rather see 17 bids for 800k than 2.

    We have a lot of things in the mix but I expect to see small volume until the next Ann and between anns (unless one is awesome). I think we can discount traders buying in before the news because to me this wasn’t evident leading into the OTML news even though it was spelled out in the quarterly. This of course was a good thing other wise they would have exited on mass and trashed the SP.

    Back to being patient
 
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