1AI 11.1% 0.8¢ algorae pharmaceuticals limited

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  1. 179 Posts.
    lightbulb Created with Sketch. 3
    Very true Having Fun...

    I get the feeling that there must be a major shareholder offloading some of their shares. Last week there was a day when about 500K shares traded hands at $0.195 (and the shares were only on the market for a split second before they were bought which made me think it was a coordinated transaction). Today again there's huge volume in large parcels...and they seem to have to sell whatever the price...margin calls..who knows?

    I actually sold some of my LCT shares late last week at $0.16 and was more than happy to pick up double the shares today at $0.08.

    Seems as if a few more bargain hunters have joined in today as well.

    Oh well, it's a crappy market and LCT aren't making any money yet so they're being punished like most stocks in every sector...

    Anyway, have a good weekend all



    Cheers

    SW

 
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