Replies to post #6733 on Lithium Corporation (LTUM)

[mikehubdelen]

Quite typical of penny stocks like this

I too, tried to add in more under .14 but to no avail. If my experience is correct, for exploratory companies like LTUM whose trading volume isn't significant, the MM (market maker) runs the show.

Unless it's pump and dump (which LTUM isn't), the MM can artificially pushed down prices (selling those shares they already hold to each others or themselves) if they are anticipating some good news ahead, in attempt to trigger panic selling where they can then buy in more at favorable prices.

If you look at LTUM chart, the last time it went down to .12-.13, there was then this sudden spike to .25, that was... wow, a 100% profit for the MM.