Ok, let's examine this...
Time 16:00
Last 0.01
Ask (size)0.012 (50)
Bid (size)0.01 (50)
Change (%) -0.002 (16.67)
Day Volume
4,211,800
LTGL, goes down (16.67%) in 5 minutes
Why?
Because some of you that bought in early this morning as a momo
got SUCKERED by the Market Makers at the close!
First off, remember earlier I asked "what the hell is this bid .012 X ask .012" Well, the market makers were priming you for a shake.
You saw that the stock wasn't going anywhere despite the great news
didn't you? So you tried to exit quietly and got trapped when they dropped the bid to .01 now some of you have a loss....
My advice, Always call the company and do your DD.
That's how I sleep well every night!
here is some information to help you realize how you made a mistake
Private Message
To: MoneyMade
From: xxx
Wednesday, Oct 14 1998 3:27PM ET
-----------------
I forgot to mention that sometime after the fall in price after the radio shack deal I spoke
to xxxx in Florida. We talked about the xxxxx goals and possible Walmart business. He said that they had an offer from Walmart but it was not great. LTGL did not accept it. I think we all know that when you get close to the big boys the heat picks up!. Their involvement can really do huge sales numbers, but the terms are all in their
favour. The only concern I have is, will their be lost business with the other dealers once the almighty discounter Walmart kills off the competition with low prices? (and profit margin)
I know small margin, huge volume, sounds great to me too!
Wait and see I guess.
xxx,
M$neyMade
I N S I D E R T I P S
tlhs@swbell.net
I NEVER BULLSH-T AROUND! |
