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Wednesday, 05/17/2023 6:31:01 PM

Wednesday, May 17, 2023 6:31:01 PM

Post# of 201865
I like when the price of LWLG goes up. I certainly don't believe it has gone up because Proto did a search on Bard that suggested LWLG is working with specific companies. It is ridiculous to think that an onslaught of newbie lemmings reading Proto's Bard search are driving up the stock price. Some of what is in the search may be true but no one knows except Lightwave management so we have to wait to hear concrete information released from reliable sources, especially the company.

Recommendations from analysts frequently drives buying and some of the stock increase is likely due to the very positive comments in the Belgian newsletter as Lewrock stated.

Macroeconomic forces are also in play. We are at or near the top of interest rate increases. The rising rates made it much easier for short sellers to beat up on Lightwave. Rising rates are like poison to small companies not making any money. Just about all are down over the past year from stockholders wanting to avoid risk and short sellers wanting to make a profit. There is positive comments about a possible debt ceiling deal. Again, this means lower risk which is good for small pre-revenue companies.

I looked at a list of the most shorted stocks. Looking at the top 100 the majority had a great day today similar to the percentage gain of LWLG. This is the result of purchases being up and less shorting holding the price down.

We are getting close to the ASM and I am sure some are buying placing a bet on Dr. Lebby to surprise. That may intensify over the next few trading days. I hope he delivers. I believe he will or at least he will offer news that will be meaningful.
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