Lightwave Logic Inc (LWLG)

[MarcoPolo4]

I received a nice chart from Xena that shows the intensity of the take down of the share price starting a day before the ASM and through the day of the ASM. The volume spikes on these two days were the largest of this calendar year. The closing price of LWLG on 5/21 was 3.86. Over the next two days it went down to 3.49 the day of the ASM and then ended at 3.19 the day after on volume of 1.54 mil and 1.46mil respectively. That is 4X what the volume was on average in the preceding months. Of course the price has continued to decline on high volume take down days to today's 2.76. I am not surprised that it stopped there as I had a 1,000 share buy sitting at 2.75 and this has happened many times in the last couple months for me. Shorts want you to not believe Michael Lebby when he says commercialization is underway and deals are coming.

It seems to be shock and awe as there is strong forces wanting the share price lower at the time of the Russell rebalancing reviews. Short sellers know that some people have a price at which they feel an obligation to sell when the price goes down to a lower level. No negative news came from the ASM to justify this but the ASM gave us no definitive positive guidance to prevent it. I believe shorts are stuck as there would be not enough volume to cover when definitive positive news comes out. They would love to see forced selling from a deletion from the Russell 2000 in order to get volume covering. The Russell reviews are not only based on price as they look at other factors to grade a company's value and /or growth potential. The best thing shareholders can do is hold tight, buy if you can especially if you believe in the company's progress and potential.

I can't include Xena's nice chart that she PM'ed to me as I couldn't find a way to transfer it. It would be nice if she can get out of the penalty box so she could offer charts on trading as before as she has a long history with the company and uses that to counter misinformation that gets spread here.