Another week passes and LQMT is down 10% from 0.10 to 0.09 cents on extremely low trading volumes.
A stock with anemic trading volumes and very little liquidity is always subject to wide trading ranges up and down daily. This type of trading activity sometimes leads to paranoiac explanations and expectations.
From a April 23, 2022 post: “This still causes confusion and paranoia by some to believe the price of this anemic trading stock with a lot of potential yet to be realized since inception over 25 years ago, is being manipulated by the money market makers. This belief seems to be stated only when the price of LQMT shares drop in price and not when LQMT’s shares pop up in price.. The daily share prices of LQMT are subject to wider price swings due to the anemic trading volumes.
Is it possible? Well let’s just put it this way. It seems highly unlikely and kind of crazy to me if manipulation only occurs on the way down and not on the way up or during lateral trading intervals as well as no new contracts to consistently grow share value have occurred for a long period of time. These beliefs not by many, also think the stock is being shorted to hold back the share price or even drop the share price. All of this on just extremely low anemic daily trading volumes.
Not to sound narrow minded. I don’t think so. Not unless one believes the entire trading of LQMT is a manipulation. And for what purpose? The stock has been trading near a dime for about five years now. Even when LQMT releases news of any kind, the stock pops up, the volumes pick up and then both drop back down apparently on shareholder’s sentiments on the reality of the worth of the news and not on manipulation. Getting back to the price trend and the anemic trading volumes. As long as LQMT’s fundamentals have not changed and as long as they do not change, both are headed south of the border paused briefly by a PR.
From past history, one can expect LQMT to announce a contract without any specific time frame and the value of that contract can be anywhere from a jellyfish to a whale.
In other words and in the spirit of what LQMT stated in their recent 10k; The occurrence of profitability from a contract can be a ONE-OFF. There are no guarantees whatsoever, they can be expected to continue to sustain profitability. Not exactly a sign of confidence by the executives. But it is a very truthful statement so that no one is mislead.
The difference between all hype and reality can be found in the LQMT 10k. Refer to it the next time you see any hype and it will always bring you back down to reality and along with it the share price.”
Another reality as of today. LQMT, has not lost value YTD. Meaning it does not trade in tandem with the other markets. However LQMT also has traded recently more than 30% below the YTD SP. What’s holding the SP up? It is definitely not the interest in LQMT. Could be the golf fees have yet to be realized coupled with speculation. One thing is for sure. It’s not being supported by LQMT communications or any new contracts.
Good luck to all in LQMT .
