Largo Inc T.LGO

Volume

[kha341]

Imho, the fact that the trading volume was so tiny (relatively to a float of ~30M shares) is an indication that today’s big drop in sp was not due to any mass sell-off by genuine shareholders but simply the result of price manipulation orchestrated by dishonest players.   

LGO TMX: Down 3.5%; Volume = 37.2K

LGO NasDaq: Down 3.3%; Volume = 22.8K

[yureja]

This post has been removed in accordance with Community Policy

[AlS412]

A shortage of volume could also indicate a lack of interest in the companies ability to maximize value. "Genuine shareholders" need to backstop selloffs by supporting the SP. Maybe just maybe selling occurs because investors have no confidence in the LGO business plan. Buying shares in companies are assessed 3 ways fundamentals technicals and sentiment. IMHO

[kha341]

....Based on the company's book value! LoL

[kha341]

So in your mind a volume of 37K  = selloffs? Only a "Genuine" non-shareholder like you think that way. LOL !

[AlS412]

The only thing that pays is price. So 37k or 370k of volume doesn't change the % of a selloff. Being a permabull is not a good strategy. This company has failed investors for a decade +. Each conference call reveals managements inability to assure shareholders confidence. Yes I sold out last April and have no regrets as the SP has dropped 40%. I promise to cease trolling this bulletin board

[ceetong]

Right, selling pressure on low volume could be stopped rather easily whereas high volume selling would be more difficult to counter. Nevertheless low volume was enough to take the stock lower so obviously too few people put their money where their mouth is!