IMO, it is highly likely that big players are "working the trading environment" on a daily basis in relation to LDX trading.
Some evidence of that would be that big sell order we saw this morning. It seems someone with a relatively large holding knew that an announcement was about to hit, and they placed up a big dummy sell order (1.7 mil units), before pulling it just before the announcement hit. IMO, most of the retail investors who saw that big dummy sell order would have been in a state of panic....and may have put up their own sell order as a result.
IF big players are trying to place up big trading walls, and are selling down the price in a tree shake situation, and then buying up the units they shake loose, then they are doing this because they want more LDX shares at a lower price.
IF these kind of tactics are ongoing with LDX, then the brakes will eventually be removed.....and the share price should respond accordingly.
IF you have a bullish outlook on LDX, then patience is a virtue.
LDX Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
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