Liteglow (LTGL) Message Board

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Microcap & Penny Stocks : Liteglow (LTGL)

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To: Tim Van Leeuwen who wrote (576)	3/4/1998 4:33:00 PM
From: Chris land	Read Replies (2) of 4715

Maybe I just don't understand this MM manipulation. When the news came out the stock went to 13 then dropped to ten. Today it drops another 9 percent. It seems to me that the MM's would have wanted the stock soar so they could have gotten a healthy profit. So who is doing the massive selling and what's their motive if the companies credentials are so great? Are people shorting this stock? I would think that they would want the price to go as high as it could before shorting. Is it just profit takers cashing in? For 4 days straight? Is it just because of it's hugh float? Then how come it finds it so easy to go down instead of up? Is it being shorted by people hoping to convert preferred convertibles for common shares. I don't even know if there are any preferred convertibles. I am long in this stock but it sure lacks a lot of explanations. Any help in this matter would be appreciated.

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