This use to be a good stock, one of my core holdings....
Now it seems it rarely moves, can barely break 30, yet overseas and in many markets LGF is making a killing. So much money they give it away in a dividend, yet the stock price doesn't reflect any of this. There is a odd disconnect. Why? Also, with a small 4 billion Market cap for LGF and Summit combined, the company value seems way too low. I'm selling all
Patience. Too many people are trading in and out of stocks, that they are losing money more often than not because of the ease of trading stocks. No one gives any time. Damn, down for a month, let's sell. OH Boy, the high last year was 37 and it is only 30 now, their must be something wrong, we got to get out while we can, the ship is sinking. RUN RUN RUN - FEAR FEAR FEAR.
All I see are sheep.
Good luck. I've been in the stock for 10 years and I will not let the low volume manipulation effect my long term outlook on the company. The stock gained in excess of 100% last year and it is fairly normal from a technical standpoint for a stock to give back some of its gains. It usually forms and consolidates around a new base before it continues along its long term trend line. Patience is a virtue when you're an investor.