Wednesday, January 25, 2012

LMIR: Partial divestment at 38c.



Anyone who made use of LMIR's rights issue to accumulate more units would be in the money now.

I see immediate resistance for LMIR's unit price at 38c and put in an overnight sell order for a partial divestment. It was filled today as unit price closed at 38.5c.



Fibo lines seem to suggest that in case of a retracement, we could see strong support at 34.5c. That is quite a bit to fall from