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  • Lightwave Logic, Inc. (LWLG) Technical Analysis For Wednesday, May 2, 2012 2 comments
    May 2, 2012 2:16 PM | about stocks: LWLG.OB

    LWLG is holding a nice support level just over the $1 mark. Buying pressure came in on Tuesday, taking the stock 15 percent higher off the support and turning the indicators close to bullish positions. The bottom support must hold as the candles look to stay over the 200 dma and possibly rise to meet the 50 dma at $1.58.

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    Stocks: LWLG.OB
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    They have a major news announcement coming up in the next few weeks and the short interest is about 4X 10 day average volume. Increasing number of large block buy trades- but not very often. They just put a retired Rear Admiral in charge- Tom Zelibor- as CEO and Chairman. He knows how to fight a war and run a business and seems to have DARPA connections in depth.
    This stock should POP and run as they will be announcing a relationship at the same time with a major, large cap partner. It all hinges on new material testing results- even though they already have tested better than any material ever measured. Their new partner wants to know other parameters before they go into production. Perkinamine has tested responsiveness to a millionth of a second and thermal stability in excess of any interal computer requirement.
    They will also announce the initial income stream- technical chart analysis notwithstanding- good science = money.
    I doubled my holdings on the last dip. This is a wait and see high risk developmental entry level play.
    Salient point: No Retired Rear Admiral with an in depth career is going to risk a lifetime career reputation on a piece of junk, pie in the sky pipe dream. That is NOT what a lifetime of solid military and business achievement is about. He is probably looking for a cherry to top his accomplishments- and will use his skill set to get there.
    I'm looking forward to the short sellers getting cornholed on this one. My advice- "Don't short a guy who knows how to fight an actual war."
    5 May 2012, 12:24 PM Reply Like
  •  
    Here's the letter from Zelibor - go ahead and short the stock- you will be ruined!
    http://bit.ly/Kv5qtk
    18 May 2012, 12:11 PM Reply Like
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