what is going on here?, page-151

what happened on wed is nothing more than a major technical level being broken both the recent support of 85-87c and a longterm trend line from 2009..

prior we have had a ton of interest , broker upgrades , pretty much a all clear by the ML goverment

this got a lot of people comfortable with the stock and set ,in a tough market...remember the recent unexplainable ranges

i have watched and traded this stock and knew as soon as they took 87c out that it was only on way, it seemed that the buying between 85/87 wasn't able to hold and as soon as it printed 84 the selling came in

watched it totally exhaust itself by that i mean the depth on both sides was empty i'm talking less than 50k units per line
i knew then it was time to buy and expected it to recover all the back to 87c..it didnt get there but did well

typical after a spike low i would expect a small low volume day but today,s high should of had equaled the spike day high ,we didn't get it so i,m not holding this stock overnight until we have clear trend change

for holders i believe that this will go into production and make a great investment case when it happens, lyc will make good money even with lower spot prices.

i think you would want to hold it for the pop ahead of production but be wary that they may have issues as most do at the beginning..this may lead to perhaps a cash requirement so be wary

in the meantime this is hedge fund paradise dont fight them you'll lose..

see spike low 5/5/2010 for good example