For those of you who have never traded through a bear market, know this.
If the market wants to go down, this stock is going down too and it doesn't matter if it deserves it or not.
It is not a good idea to sell right now because any bit of good news could cause a big jump or a short squeeze. The market is going through a phaze of squeezing out the last of the sellers.
I traded through the last tech bubble burst and I know how bad it can get. However this company has stated over and over again that it is doing just fine, with the Bethlehem and Singapore projects on scedule. Why even bother selling when it's so cheap?
I don't have any shares on margin so I'm fine with waiting it out. Don't get scared into selling. If you believe in this company and believe that the economy will eventually turn around just hang in there.
You forced man hand to do your homework for you. Since you like to read trading books, here some literature I found for you and I want you to read it carefully and completely. Gawd, it's been years since I've had to check this site out.
<a href="http://www.investopedia.com/terms/c/capitulation.asp" rel="nofollow">http://www.investopedia.com/terms/c/capitulation.asp</a>
Where do you get this time frame bs from. You may not want to believe it cause your in @ 2.86. That's exactly how bottoms are created (capitulation). Stocks don't base at the bottom. You're a fool if you believe that.
What you folk's aren't considering is bottoms are not this easy to catch. Everyone would be rich if it were this easy. A bottom is created when a stock dives (capitulation) and bounces with a buying frenzy off that low. That would be a bottom. If we were at the low this thing would have bounced off it already.
The longer it sits at this level the more the support breaks down. LVS definately hasn't hit bottom yet.
At 145, it was like April 2000. But the LVS drop is more severe than internet days 2000 thru 2002.
With the internet bubble model, we should have seen LVS bottom weeks ago already. The economy kept it much lower. Now may be the time to flat out and climb, albeit slow climb....
I could not of said it better myself.
Most of the people on this board are kids anyway or very ignorant. It is amusing reading some of the crap these people spit out. But it does get old.