Re: bear market, bull market
in response to
by
posted on
Jul 08, 2010 09:25AM
Those were very thought provoking obervations, and it is due time for LGDI to rebound along with other agriculture related shares.
The wild card in this whole picture for LGDI is the equity investment that Wengfu has purportedly committed to make. Legend has been inching down on relatively low volume. If /when Wengfu begins buying shares in the open market, there is only one direction for the stock to head.
I am waiting to see if Wengfu will begin investing in LGDI and buy shares on the open market prior to the announcement and public meeting on July 23rd & 26th. There are only two weeks left for that buying spree to begin, if it happens at all.
If we see the volume pick up in the next two weeks it will be a very positive sign all around.
Long & Strong LGDI!