Lightwave Logic Inc (LWLG)

[BuyNStonks]

You're conflating different things. The issue isn't that index funds are buying shares. Everyone wants to point to index funds and ETFs holding shares as some sort of validation in the strength of LWLG. Most, not all, of the institutional holdings are held in passively managed vehicles. They buy shares of all stocks to mirror their index\exchange per the prospectus. There is no manager, in the case of I\ETFs sitting back and saying "This looks like a great company. BUY BUY BUY."

Most of Fidelity's shares are accounted for in ETFs. The majority of BlackRock's are as well. I'm sure there are some at BlackRock sitting in a more actively managed portfolio.

*EDIT* Vanguard not Fidelity.

I like the latest goofy argument that somehow it is bad for index funds to buy 10's of million of shares of lightwave because they a stable investor like myself, I was like, Wait What, I thought that is what we wanted, not one that is going to trade this like a managed fund would do, folks you cannot make this up.