Developing phosphate interests in the Georgina Basin, Queensland, Australia

Free
Message: Re: 52 week highs
2
Feb 09, 2011 10:52AM

Feb 09, 2011 12:02PM
1
Feb 09, 2011 01:29PM
1
Feb 09, 2011 11:52PM

Feb 10, 2011 01:02AM

Feb 14, 2011 01:01PM

Feb 14, 2011 04:26PM

Feb 14, 2011 05:08PM

I know...Its frustrating to log into my Ameritrade account with this huge volitility since LGDI is my largest position.

I don't think it means anything at all since it is fairly low volume...although today was 3 times daily average. The true price will be set by a hundred million dollars or a billion of trading when (if?) new news comes out. Usually (in my opinion) high volitility clustered together like this indicated a change of direction in stock price movement (signifies either a top or bottom).

I just bought an additional few thousand and will trade short term while waiting. I figure I might as well (try to) make some change off this 10-15% daily volitility. Although I'm the world's worst worst short-term trader so we'll see how this goes. When in doubt (unless theres new information that fundamentally changes the long term company or industry narrative) I've found its best to do nothing. I still think the path of least resistance for this stock is up not down.

1
Feb 15, 2011 08:57AM

Feb 15, 2011 09:09AM

Feb 15, 2011 11:27AM
Share
New Message
Please login to post a reply