After the March explosion, Legend Oil and Gas Inc. (OTC:LOGL) has been continuously conquering levels, settling at them for a while, then taking off to reach even higher levels. A very positive 4 months have passed for this stock. It is, however, very important to keep in mind what the catalysts are. 
Currently, the new level to settle for is around $2 per share. Has been since the beginning of June, slightly increasing over time. This Monday, the market closed at $2.34 per share, as 235k shares exchanged hands. There was nothing new coming out from the company this Monday, yet there was a catalyst in place – promotions. Actually, one promotion; one that was paid with $10k and came out yesterday morning before the market opened. Yet, it somehow failed to inspire traders for another spike, as the session closed at levels it opened. Not like some previous sessions.
In fact, throughout the last 4 months, promotions would be sent on a regular basis, fueling hypes on the market and increasing the share price. Naturally, there would be news as well. None of the above, however, would mention the financial condition of the company. It would all be miraculous new target prices and different reasons why this is possible. [BANNER]
Yet, it is interesting what is coming, considering the fact that some days promotions would cost far more than the total current assets of the company. And third parties, naturally, more often than not, expect to earn more than what they have paid to promoters. How this would be achieved is an important question. Another one – what happens when there are no more promotions, no more artificial catalysts. If the next balance sheet to come (the 10-Q) includes better results, the answer is easy. If, however, there is as much uncertainty as there is nowadays, there is no telling when LOGL share price would be heading to a month from now.
