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Microcap & Penny Stocks : Liteglow (LTGL) -- Ignore unavailable to you. Want to Upgrade?


To: Chris land who wrote (579)3/4/1998 4:46:00 PM
From: Woody  Read Replies (1) | Respond to of 4715
 
Chris, my questions precisely. Can anybody help us understand this?



To: Chris land who wrote (579)3/4/1998 8:40:00 PM
From: Linda Kaplan  Read Replies (1) | Respond to of 4715
 
Chris and Woody,

This is what I think has been happening. A lot of people bought this stock for trading. I believe they have been pulling out because the RS news didn't bring the stock very much higher.

There are several huge groups of traders and I noticed that there was an overlapping of those groups in this stock a few days ago, waiting for the contracts. A convergence of recommendations among the different groups.

I believe that a lot of those people have been going on to other trading grounds, because LTGL didn't move that much after the first contract. It's a sign to some that the stock might not move that much after the next one, either.

Linda