Share price tanking?, page-15

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hicks58

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26/05/16

09:33

Post #: 17869816
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Originally posted by Gonzarella ↑

Sweet L-Max - the main reason I dipped a little toe in. But I only got hit today. Had an order quietly sitting in there since the placement @1c. I don't mention this cos I reckon I am a gun, cos I am the furthest thing from that - just want to put it out there for all those whom want to listen. I've been in your shoes a million times (slight exaggeration - actually, no - it's very close - but also clever use of hyperbole #tickets).

To all the punters going WTF?

Brothers and sisters, this is completely normal trading action for a penny stock such as this, especially after a good announcement on a sexy commodity followed by a placement. In this environment, every lithium junior can be (and has been) pumped and manipulated and FOMO'd. Then reality hits. And smart money will pump us every time, unless you don't let it.
As a rule, assume babies like this will always gravitate towards the placement price. Might not hit it, but probably will, could even go below it, but there will always be market pressure towards it, unless terms and fundamental potential are exceptional.
All the above does not detract from the potential here, merely highlighting predictable patterns of trading and volume and interest within the market. As aforementioned, it is just a baby so is very impressionable, in every way. In the absence of positive, progressive announcements powers to be will test supply at 0.008-0.010 and once satisfied, let it go.
Imagine a small kid realising he can run fast, has a gift, then announcing to the world his/her dream of winning Olympic gold. This is LRS..........and he/she hasn't even met beer or surfing yet.

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yes---well said

LRS Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 19.0¢		Change 0.005(2.70%)		Mkt cap ! $532.2M

Open	High	Low	Value	Volume
18.5¢	19.5¢	18.5¢	$900.1K	4.742M

Buyers (Bids)

No.	Vol.	Price($)
1	52404	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.5¢	2711434	23

View Market Depth

No.	Vol.	Price($)
1	52404	0.190
8	967551	0.185
21	1943930	0.180
12	1109246	0.175
11	1152105	0.170

Price($)	Vol.	No.
0.195	2711434	23
0.200	2897348	22
0.205	921658	11
0.210	2336912	19
0.215	851896	7

Last trade - 16.10pm 28/10/2024 (20 minute delay)

LRS (ASX) Chart

Share price tanking?, page-15

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Share price tanking?, page-15

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