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Message: Scare Tactics??

Scare Tactics??

posted on Jun 02, 2008 10:48AM

Louvem current market is .465 to 59 with a size of 80X325.



The stocks has had days where there has been no trading. Today, with gold higher at $890.0 a seller came in, took the shares lower, only to be followed by a buyer of 4M at .54 which took it to the plus territory.



Currently, the 32,500 being offered at .59 is questionable. Would a smart seller show his hand so publicly in a basically, an inactive stock? I think not. It's a safe assumption that the order was placed to discourage buyers. If not, then this order is an opportunity to pick up a good amount of shares with only moving the issue up 5 cents from the .54 last sale.



Louvem currently continues to be a great buy, IMO, based upon positive feeling of increased earning to come along with management's up beat feelings of increasing reserves with continuing drilling.



Go Louvem!!





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