La Mancha Resources Inc LACHF

Little resistance from the Bids

[Charlie_Chan]

This morning when LMA was trading around $1.50, the Bids from $1.20 to 1.50 were scarse. As a matter of fact it would have taken a mere 45,000 shares sold at the Market to bring the price down $.30.

Most trades today were for 500 to 1,000 share lots sold at the Market.
 
The Bids were so scarce at 9:40 AM that it took only 12,500 shares to be sold at the Market to bring the price down from $1.57 to $1.47. 


T 2009-10-26 09:40:26 1.57 -0.08 1,400 9 BMO Nesbitt 1 Anonymous K 
T  2009-10-26 09:41:46  1.50  -0.15  7,000  88 Scotia iTRADE  1 Anonymous  K 
T  2009-10-26 09:41:46  1.50  -0.15  1,000  1 Anonymous  1 Anonymous  K 
T  2009-10-26 09:41:46  1.50  -0.15  100  80 National Bank  1 Anonymous  K 
T  2009-10-26 09:41:46  1.50  -0.15  1,000  88 Scotia iTRADE  1 Anonymous  K 
T  2009-10-26 09:41:46  1.47  -0.18  900  7 TD Sec  1 Anonymous  K 
T  2009-10-26 09:41:46  1.47  -0.18  100  7 TD Sec  1 Anonymous  K 
T  2009-10-26 09:41:51  1.48  -0.17  300  1 Anonymous  33 Canaccord  K 
T  2009-10-26 09:41:51  1.48  -0.17  500  1 Anonymous  101 Newedge  K 
T  2009-10-26 09:42:18  1.47  -0.18  400  1 Anonymous  33 Canaccord  K 


This is done on purpose as it is an easy way for the Hedge short sellers to bring the price down substantially without depleting their reserves of shares.
 
Manipulation perhaps? YES

[dollpartz]

Oh ok... and you figure the bids were scarce because people were driven off by them yesterday... well, that's great.... wonderful. I see pre-market an ask size of 500. Feels like it's infected by a virus.

[dollpartz]

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.

[Charlie_Chan]

Re:Hope some people here stepped in to buy, seriously..buy at 1.85 but not 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

[Hman1]

well hopefully this doesn't carry on much longer it would be nice to see some green behind the symbol and not negative red.

[dollpartz]

That's basically what I do, I mean I bought at 1.37 today ... what burns me up though is I stepped out 1/3 at 1.50 on its way up and it continued to rise. So I was ready then but it didn't pull back... well the 1/3 is back in now with the rest.Looking back I guess they wait till the gold price corrects to play their games, rather than when gold is setting records... I just had no idea it

[dollpartz]

Is Jitney the main culprit? I know they were screwing EVG as well..

[dollpartz]

Look at this crap: