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LORILLARD INC Message Board

  • davidkaner davidkaner Mar 11, 2013 4:57 PM Flag

    Resistance is futile?

    Well, it was discouraging that we did not close above the 3rd resistance level but then again, when there is over 200k sold on the close, there was not a chance to close above it. However, it is still really close to it so I am going to take today as a win because without that big block trade on the close, we would have finished above the final resistance level. The past 6 sessions have had some nice buy side moves so I would expect a sideways trade and consolidation between $38.50 and $39 until about a 10 days before earnings and then you will see a push to $40. Take a look at the $40 Calls for June.

    Sentiment: Strong Buy

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    • I'm really surprised it didn't hit 39.00 or more today!!! Good thing i sold and made about 500. Otherwise i'd
      be down a few hundred now. I bought BKCC today when it dropped to 10.24 and sold for a G and bought
      back. The ex div date is 3/15 and the yield is 10%. I have to decide if i'll buy the day before the ex div date.
      Great div but i don't want to be stuck for a few days.

      Sentiment: Strong Buy

 
LO
71.40-0.33(-0.46%)Jun 11 4:01 PMEDT