LifeLoc Technologies Inc (LCTC)

[pdicamillo1]

That’s exactly what a market maker is for. Every stock has to make a market on the bid and ask side so investors/traders have prices to buy and sell at.

If I owned the entire float - in theory - I would be able to make the market in LCTC. If I believed Lifeloc was worth at least $50/share, that’s where I may place my first sell order. Only the market maker would have shares to sell below $50 and any new investors would either have to place a bid or take shares on the offer.

With 80,000 shares traded last week, if the float were actually locked down we would have exploded much higher. There was obviously still some selling pressure but for the first time in a while the buyers had absorbed all those shares. For three years we had a seller knock the price right back down as soon as it traded higher. Last week had a different energy in Lifeloc and I have to believe the selling pressure is almost done at this point.