Legend International Holdings, Inc

The company currently holds an initial Australian JORC code compliant Inferred Mineral Resource Estimate for a partial area of Paradise South which has been completed and reports a total of 72 million tonnes @ 17% P2O5 at a minimum cut off grade of 12% P2O5.
in response to jalbiglog's message

I know...Its frustrating to log into my Ameritrade account with this huge volitility since LGDI is my largest position.

I don't think it means anything at all since it is fairly low volume...although today was 3 times daily average. The true price will be set by a hundred million dollars or a billion of trading when (if?) new news comes out. Usually (in my opinion) high volitility clustered together like this indicated a change of direction in stock price movement (signifies either a top or bottom).

I just bought an additional few thousand and will trade short term while waiting. I figure I might as well (try to) make some change off this 10-15% daily volitility. Although I'm the world's worst worst short-term trader so we'll see how this goes. When in doubt (unless theres new information that fundamentally changes the long term company or industry narrative) I've found its best to do nothing. I still think the path of least resistance for this stock is up not down.

Please login to post a reply
petrescu
City
Rank
Treasurer
Activity Points
460
Rating
Your Rating
Date Joined
11/11/2009
Social Links
Private Message
Legend International Holdings, Inc
Symbol
LGDI
Exchange
OTCBB
Shares
226,399,674
Industry
Metals & Minerals
Website
Create a Post