The backlink model is below.
Actual (shown below) is following the model pretty closely. I smell bear trap ready to be sprung in the next couple weeks. Too many shorts can't read a stock chart and they think LL is going to zero because of all the news that has been reported on it. The wave that just finished could be the end of the selling or it could just be 1 of 5 with an eventual bottoming in the $20 range at which time I suspect a wild ass short squeeze to ensue. The loved it at $120 and they will hate it at $20 but the bounce target remains the level of the prior 4th which is $60. The lower they take it, the harder they will get hurt when it reverses.
Friday, May 1, 2015
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