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L$ Poised to Fall Further? (June 7)
Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
06-07-2005 21:20
Only L$197,000 stands between USD $3.80 per L$1,000.

There has been increased trading over the past couple days, seemingly wiping out the buy side interest - there are currently tons of sell orders listed on GOM.

Will the L$ continue its decline? Time shall tell...
Cubey Terra
Aircraft Builder
Join date: 6 Sep 2003
Posts: 1,725
06-07-2005 21:26
From: Jamie Bergman
Only L$197,000 stands between USD $3.80 per L$1,000.

There has been increased trading over the past couple days, seemingly wiping out the buy side interest - there are currently tons of sell orders listed on GOM.

Will the L$ continue its decline? Time shall tell...


Hm. If it drops another couple of cents, that would be a great time to buy a whole whack o L$, then sell it when it inevitably bounces back to about 4.10, as it has more than once.
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Siggy Romulus
DILLIGAF
Join date: 22 Sep 2003
Posts: 5,711
06-07-2005 22:29
3.98 when I looked 2 seconds ago.. musta bounced off chicken littles head....

When it goes down to 3.50 I'd raise an eyebrow.. but shifting 10 - 15 cents on either side of 4.00 is biz as usual.
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From: Jesse Linden
I, for one, am highly un-helped by this thread
Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
06-08-2005 06:38
Siggy, I'm not chicken little. I'm not even vested in the GOM market. I just like making market commentary. There's no personal gain involved for me. Sheesh.
Kris Ritter
paradoxical embolism
Join date: 31 Oct 2003
Posts: 6,627
06-08-2005 06:44
yeah, sorry bout that, all. Buy my Lindens! :p
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Prokofy Neva
Virtualtor
Join date: 28 Sep 2004
Posts: 3,698
06-08-2005 06:48
Jamie, I appreciate that you're following the market, and that you don't have any vested interest in it. But it is at $4.00 for buys and has been for days. And sells it has been at $3.99. I know, I've been buying and selling there.

The idea that "all that stands between this and a crash is X" seems fallacious to me as that number of packets is always refreshing. I don't know what the usual "cushion" is but until we could compare that over time, it's meaningless to me.
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Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
06-08-2005 13:31
From: Prokofy Neva
Jamie, I appreciate that you're following the market, and that you don't have any vested interest in it. But it is at $4.00 for buys and has been for days. And sells it has been at $3.99. I know, I've been buying and selling there.

The idea that "all that stands between this and a crash is X" seems fallacious to me as that number of packets is always refreshing. I don't know what the usual "cushion" is but until we could compare that over time, it's meaningless to me.


But I never even said "crash".... I just posed the question... will the L$ go lower? I believe it will. Just one lil girl's opinion :-)
Beryl Greenacre
Big Scaredy-Baby
Join date: 24 Jun 2003
Posts: 1,312
06-08-2005 14:00
From: Jamie Bergman
... Just one lil girl's opinion :-)
"Lil (sic) girl?" Minors aren't allowed in SL, you know. ;)
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blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
06-08-2005 14:03
Check the scatter graph, Jamie and the average rather than the open/close/current trades.

It's sputtering around 3.96 pretty steady.
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