LTS Forms Bullish Falling Wedge Pattern on the 25th october
Ladenburg Thalmann Financial Services Inc. (NYSE:LTS) is currently trading at $1.26 up 0.00% in today's trading. LTS is trading -6.72% below its 50 day moving average and -23.39% below its 200 day moving average. LTS is -57.14% below its 52-week high and 3.28% above its 52-week low.
Falling Wedge (Also called a downward wedge)
When this pattern is on an uptrend market, it is counted as bullish. As the market range becomes narrower into the correction, this indicates that the downward trend is losing steam and the uptrend is expected to continue soon.
Craig- LTS BUYS other companies, not their own stock. I don't want gains on "accounting tricks", I just want them to keep growing by rolling up companies. There is NO INCREASE IN REVENUE under your plan, just an increase in profit or loss per individual share.
Spenser-You have to have a NEGATIVE guy on the Board. It's a Yahoo Rule from Jerry Yang's days! So we have Craig.....
BDmac-have you ever attended a math class? business school? It seems not otherwise you would not make silly comments like the above. They can BUY companies AND take stock off the market-then they would start showing profits on the same ebitda they have today. Dont show your foolishness in public next time-keep those comments to yourself.
as i have posted in the past LTS is still in a multi year uptrend even though we are still tapping the lower end of support in that pattern.... A GOOD quarterly could do wonders. Going to $3 and with a certain short position still stuck with over 4 million shares..... going to over $5 soon.
As long as Lampen is CEO the stock will go nowhere-he is clueless how to add value. They should be aggressively buying shares at these low prices in order to start to post profits on a lower share count. Corp. Finance 101- many other companies get it but this guy issues options (read: dilution) instead. Keep dreaming on $5 buddy. As long as they are posting losses the stock goes nowhere. WAKE UP LAMPEN.