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Old 04-22-2006, 07:42 AM
keithsan keithsan is offline
Senior Member

Join Date: Mar 2006
Location: Scituate, MA
Posts: 3,943
Default LRT

This stock is holding 2.00 strong. It used to have dividends, they were cut out by Katrina. Dividends are anounced next week. (End of every month) normally an 8k on Thursday with a news release on Friday.

For some reason on a low volume Friday this gapped up over the 50 dma. Lets guess that someone knows the divies are coming, if this continues to have volume this week I'll add to my rather large postion. Becuase when/if divvy news does come this will hit 3 to 4.00. If the divvies are consistent every month look for this to trade at 6.00 agian.

I flip for free shares and any divvy given to me is set up to automatically buy shares. Fundamentally company was sound till Katrina.

When reading the chart read the 12/22 red box, good and bad news gets leaked early from these guys.
Good Luck.
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