With Hot News and a Strong Chart, LMCO Could Run Again!
LMCO was clearly in play today with above-average volume and some strong price movement today.
The question in my mind is whether LMCO will extend its gains like the last time I covered this stock? I can't tell for sure, but all the ingredients are there for another run!
LMCO Set to Unveil the Inizio "supercar"
LMCO announced today that its all electric "supercar" the Inizio will unveiled to the public on September 15, 2010 . This world-class electric vehicle is slated to be ready for production in late 2010 and will be manufactured in LMCO's North Carolina factory. Read the full release here :
http://finance.yahoo.com/news/Liion-Motors-Corp-OTCBB-LMCO-bw-1940256427.html?x=0&.v=1
They are accepting orders if you want to be the first one on your block with one!
And don't forget LMCO's announcement of a 20% stock dividend to shareholders of record as of May 28 th! Read more about it here :
http://finance.yahoo.com/news/Liion-Motors-Corp-Announces-pz-3777129313.html?x=0&.v=1
It is clear that LMCO has the will to be one of the electric car companies that make the successful transition from concept to mass production.
With the X-Prize of $10 Million still in play, LMCO's vehicles already plying the roads of America, and great buzz about the company, things could really be looking up for the Company.
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