Saturday, 15 December 2007

Silence of LAMR

No one I know has heard of this company, yet it's one of the 100 issues that comprise the Nasdaq index. This is the outdoor advertising company known as Lamar Advertising (Nasdaq:LAMR). We didn't get to trade it when we knew it was going to go down and we have regretted that non-action as it has dropped to the target price and more.

Currently, LAMR is stuck in a consolidation that now looks like a symmetrical triangle that's pointing downwards. The support that we're looking at is 47.98 and the downside target given to us is a 19% potential return.

All that's left to do now is wait for my trigger price to be hit before I take action.

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