trader-This stock has to be played now as a pure IP play. 5/15 numbers released for DSS and will have no bearing any longer. All you have to do is look at chart and realize this retrace was inevitable. The other thing is that, anyone should realize this stock HAS to be at $3 the day of the merger. Another deeper look would be that LTG has to keep above $5/share for 40 of the following 90 days to get the 7.1M shares in escrow and to have control of the company. By the way Hudson Capital is the majority owner of LTG so we can do the math. Well enough "pumping" LOL Just back up my rants with facts. I have bought at 2.5, 2.78, 3.11 standing pat and lets see.
What do you think will be the case after the merger. Will this still be a trading stock (as opposed to an investment) since it will still be awhile before there are any actual profits. I'm just wondering if the merger announcement will result in more stability in the stock price or will it still bounce between $2.50 and $3.50?
Sentiment: Strong Buy
This stock is terrible. A few months ago I was trying to establish a long position erery time I bought this thing dropped 5% At this point I think this may just be a pump and dump.I doubt the merger will ever go through and their investors are the only morons that don't realize that.
Sentiment: Strong Sell
Pizzaman, I bought this as a momo trade stock. I have since turned long. I buy on dips and have done extreme DD on this one. You are correct that Merger is key. It seems based on S4 amendments that they just need to get S4 done and the 5/21 date will work. I cannot predict one way or the other. This stock needs to be traded with ONLY two factors in mind between now and merger. Volume and Charts. The rest of the noise is irrelevant IMHO.
this stock does blow i was holding since last summer its a scam for sure that seeking alpha article was a pump to get other bag holders out i feel its going back down to garbage territory take a unbiased look at it and the info around here