My dad replied to "abaco" with the following, on another site: (abaco had written)
< for weeks/months it has been obvious that the price has been pegged at 5.00, if it went above (following the # of orders on the bid/ask realtime) you see obvious action to bring it back down >
My dad replied:
I totally agree with the above thoughts, Jim. "They" have effectively "shorted" the backside off LOOK, as and when it pleases them to. And "covering" is so simply accomlished by 'tranferring' from one account to another, to (theoretically) "buy back" any/all those shares they are short! It's a "sham", IMHO.
Good discussion over at Yahoo (today) on the immediate future for LOOK's shareprice value. "DJ" has put in his 'tuppence' worth, on this thread here. And it may very well have a lot to do with the reasons for 'murdering' the SP value, whilst massive accumulation has been occurring all along, by those same Insto's that surely know a lot more than you and I and other patient shareholders do.
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