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Re: Ronin post# 58028

Sunday, 04/17/2016 3:18:33 AM

Sunday, April 17, 2016 3:18:33 AM

Post# of 84405
I wish I could share the same enthusiasm but I can not ignore another fact in the same event. 91.5% buys of a total volume of 134 million was supposed to take out all the 05s and 06s easily and maybe 07s to close at 06/07 or higher but trading still closed at 05! Inside that volume, shareholders who exited through the last shake were expected to be adding to rebuild their positions, and a buyback was supposedly going on, two factors that should give no room for flipping. So the PPS was supposed to have no way to go but up. Yet, tens of millions of shares poured at the 05 ask. Obviously, the simple dynamics that are supposed to move the PPS up do not work with LTNC. If you look at the past couple of months you'll notice many similar instances of high volume and suffering price with overall poor performance dominant through that period. Anyone has a reasonable explanation for that? And how long this is supposed to go on?

Note: For accuracy, buys are 91.5% not 96%. It's 123,247,648 buys of 134,690,726 total volume.

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