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Lindsay Corporation Message Board

  • tigerpac tigerpac May 6, 2008 10:33 AM Flag

    98 Support

    3rd bounce off this level...although it di venture into the mid 97's.

    Each time it visits the 98 support, the support does get weaker. Resistance has moved down to the 105 -106 area.

    No position.

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    • Today is a day why I don't invest based on my gut feelings.

      Let's see how stock does in the 105 -106 resistance area. Volume is pretty good today for a couple hours into trading.

      No position.

    • Tiger, your balanced views are very much appreciated by me. Your insight is very beneficial. I believe we go up from here as the price has moved to a very dependable position directly under the 100% LRC line and is very low on RSI2. Just my humble opinion of course. Best to you.

      • 1 Reply to pellajm
      • At this level, I really have no idea which way the stock will break. It's wavering on it's 50 DMA. It's drops below and snaps right back.

        This is the reason I have no position right now.

        My gut instinct tells me that we'll see a sharp drop into the low 90's followed by a quick reversal...probably within the same day.

        Nothing is wrong with the company except for the stock separated from reality and went from 57 to 131 in a few months. Lindsay is a great company to hold for the future. But everyone wants a better entry point.

        One day water will be as scarce as oil. Will it be 5 yrs, 50 yrs or 500 years? I'm in the camp that believes it will be much sooner than later, probably within the next 25 years.

    • Why the weakness here tiger? Other ags seem to be holding up much better than LNN. I'm showing oversold conditions. Thoughts?

 
LNN
76.46-0.45(-0.59%)Apr 29 4:01 PMEDT