RE:Who sells at this price????I have been asking the same question for a while. It does not make sense and I have come to the conclusion that the sellers at anything below USD11-USD11.50 are not readers or posters on this Board.
They can be either those who bought when the shares dropped to CAD$7.50 or so. I know I did buy them and sold most (I wish I had sold all) at between USD19 to USD$25 and as such has averaged down my cost base for LMNL (from the previous PLI and since the rights issue).
I have been accumulating again over the last couple of weeks when the shares dropped below USD 10. But now that proved too early.
I am still accumulating and my next bid is at USD8.50 after all my bid offers at USD9 were filled this morning.
As I mentioned in an earlier post, I have a time frame of 6 to 18 months to cash in on LMNL but it is /has created opportunity costs of other shares investments that could have made me faster return in the current market. But I couldnt resist the 'current low' price of LMNL. In 6 to 18 months I will be proven right or wrong and I am okay with the risk - reward ratio on LMNL (esp that I dont believe that LMNL shares will be allowed to go to zero this time when TV (et al) owns 85% of the shares.
I cant figure out who is 'winning' at this low price of LMNL as I dont believe there are many shares being shorted at this price.
GLTA