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Liminal BioSciences Inc. PFSCF


Primary Symbol: LMNL

Liminal BioSciences is a biopharmaceutical company focused on the discovery and development of novel, small molecule drug candidates for the treatment of patients suffering from fibrotic or inflammatory diseases that have a high unmet medical need. Liminal BioSciences operates on an integrated basis from our talent hubs in Laval, Quebec, Canada, and Cambridge, UK. Our common shares are listed for trading on the Nasdaq Global Market.


NDAQ:LMNL - Post by User

Comment by gandle62on Oct 13, 2020 12:27pm
168 Views
Post# 31707417

RE:Who sells at this price????

RE:Who sells at this price????Just my opinion, but I think algorithms have become sophisticated and include ideas about human psychology. So at a time when LMNL needs money soon, there's a natural worry about the stock price and the algorithms take advantage. Machine programs can lower the price without loss by trading shares back and forth while hovering up 'real' shares from weak hands, people who need cash, people who may have employed stop losses... The lower the price falls, the higher the pressure on thinking humans and the greater temptation for some investors to bail. The algorithms benefit by being net buyers as the price falls, and I've read somewhere they normally account for more than 60% of shares traded. It's because it "doesn't make sense" that it's so effective: the BS exhausts rational people, and some investors surrender their shares cheaply because of the pressure. When and if things change, the algorithms will be front-running us all the way up, pushing unwary new investors to pay too much. It's us against the machines, is how I've started to think of it. And if LMNL does come to the market to raise money soon, the lower prices benefit the algorithms owners, the big investment houses. I admit this is personal speculation, but it makes sense to me.  

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