Louvem continues to experience investor apathy following its recent run-up. No one really knows for sure what drove our prices down in the first place because there was no news from the company to account for it. Was it a long term investor getting out, or was it a naked short seller looking to capture potential profits based on their usual reason for shorting(manipulating) following public participation to the upside?
There appears to be a cap on our price at the 0.80 cents level with a fair amount of shares offered based on recent average trading volume. Jim Paplava out of San Diego states this is a tactic frequently employed by short sellers to turnoff buyers as well as to discourage sellers. Will it work, if this is true? The passing of time seems to be against the possible short seller with little or no shares being dumped at these low levels.
Robert McEwen recently stated on BNN that gold will trade at $2,000 near the end of 2010 and will eventually hit $5,000 towards the end of the (current long term bull) cycle. Who would you vote for here to succeed: the long term liquidator, the suspected short seller or current owners of the company with gold currently trading at US $954.30?
Time and Tide waits for no man.