Figuring around 4.90, if not I'll look elswewhere. Copper is traded internally as collateral in China, who can follow real demand? And the eurozone/Iran BS is guaranteed to provide lots more down days for the market after this early January euphoria.
Just my 2 cents.
Market value was established when Yu sold 300,000 shares in December last year. The counter party is willing to buy his shares above $5 per share knowing that he is an insider. Afterwards, market waited to see if Yu may sell more. It didn't happen, so LIWA start to move up.
Yu probably sold his 300,000 shares and use the profit to pay back the loan on the 150,000 shares he still own.
I would like to know how many shares they swing trade? 100, 1,000, 10,000 shares? If you swing trade LIWA, why not shorting it to $5, cover your short and go long on $4.90, why wait.
Even short sellers are at the cross road, they dropped shorted shares by one million, no contineous shorting on Friday, no FISTERS showing up, uncertainty of when and what LIWA might announce, no conviction on both sides, VIX are coming down. To set a price at 20% down from current price based solely on general macro for a big slides? Most of all, why a few months from now that LIWA might breakout, what is the reasoning?
Coments from MB is not credible without specific.
I walked with a 20 point move in JVA in 3 weeks because I DIDNT follow the technicians and their inflated RSI and all the BS. I know plenty about it myself and most of them made squat on that trade I made a fortune
hey while you are spouting idiocy why dont you take the time you have to wait for your not happening "high 4's" and start a Chapski fan club? It will end up with only you and him as members but thats ok
great, more cheap shares. But you know you already had several chances to pick up in high $4's and even in the $3's and now at a blink of an eye LIWA could be in the $7's.
One problem with your idea might be that you get left in the dust as LIWA rips thru 200dma and races towards $10.