re: sell down for alpha Hi Bruce,well no-one ever rings a bell...

re: sell down for alpha Hi Bruce,

well no-one ever rings a bell for the top do they but I would make the following observations.

The base for the current Fib pattern is 83c and this is in itself a confirmed 61.8% retracement working from the proceeding high and a low in Setember 2001.

LSG appears to have long cycles exceeding a year so those into the two day retracements of high volatility speccies should take a Bex and settle down. If (and I say if) LSG is going to effect a full retrace then it could take months, maybe September October again?

Working from the recent high and the confirmed low of 83 in October 2002 the levels on the way back down are $1.50, $1.37 (32.6%), $1.27 (50%) and $1.16 (61.8%).

The chart shows considerable technical correlations to suggest this may be a full retracement in play for whatever reason.

I do not however hold but will be watching closely as this stock appears to have the goods.