News Focus
News Focus
Followers 4
Posts 1687
Boards Moderated 0
Alias Born 10/05/2009

Re: MisterZero post# 61114

Wednesday, 01/27/2010 5:04:09 PM

Wednesday, January 27, 2010 5:04:09 PM

Post# of 103308
The selling is being done in order to drive the PPS down. We either have some flippers at work selling off some of their holdings in order reaquire cheaper shares later or we have some new short positions being taken up. MM's could be at work playing games in order to accumulate cheap shares also. MM's need volume to make money. If the price drops people panic and sell, and there is always someone around who will be looking to pick up cheap shares, guess who?. Maybe there just isn't much of a market for LLEG shares right now, but to me todays action looked like a deliberate attempt to bring the price down. Why do think shares are being dumped and for what purpose anyway? Maybe yourself and others on this board could share some other reasons which could account for the selling that we've seen today?

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today