GREY:LACHF - Post by User
Comment by
Charlie_Chanon Oct 27, 2009 10:18am
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Post# 16426986
Little resistance from the Bids
Little resistance from the BidsRe:
Hope some people here stepped in to buy, seriously..buy at 1.85 but not <1.40?! That's the price before the last Hassai news! Crazy.
dollpartz, you have to understand that it isn't people buying and selling. This is programmed trading with Computers filled with algorithms that move shares. It is that simple. What we are witnessing has no regard to the health of LMA, it is simply an opportunity for traders (Hedge Funds) to take advantage of an opportunity to make some chump change shorting this stock.
Assuming the shorting is not courtesy of Naked Short Selling, then we should soon see a rather inpressive updraft. The moral of this story is when the price RISES like LMA did for so long....that it is wise to take some profits and hold some cash for the eventuality that Traders will short the Company.
This is strickly my opinion.