Lignol Energy Corporation V.LEC

SP drop?

[tamclll]

Anyone know if there was a reason for the drop in the stock price last week?

[M101]

One guy takes out $8000 over 2 hours. The reason is no volume because the biofuel industry sucks right now. Which is stupid when you think about the price of gas, but not stupid when you think about the politics of fuel subsidies.  All the fuel related enzyme guys are hurting just as bad as LEC.   

[willpelly]

I think M101 raises the right point: this stock is just hindered by bad timing, non-existant marketing, and thus low volume. Basically, anytime one single person gets impatient with the stock and sells for a few measly hundred dollars the sale is enough to bring the sp down. And its a vicious cycle. More people get annoyed and offload because it's not rising. While the industry

[M101]

s/he's back, same seller today as on the 23rd what a drag      

[willpelly]

Since we haven't traded at .07 in quite some time (if really much at all) that seller is likely engaging in a beautiful bit of "buy high sell low" strategy... ;) some fools buy, some fools sell. Let me just say this: right now, if I had about $12M I'd have me a nice little company taken over and taken private. Ugh! So dirt cheap! Happy trading!