LOK looksmart limited

falls on heavy volume

  1. 8,265 Posts.
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    I warned two weeks ago LOOK was being delisted from the Russel 3000 index and punters exited today as suggested.

    Heavy volume and LOOK closed down touching a low of 66c.

    It is a stark warning for holders to be very very careful.

    The instos are now exiting as it fais to meet even the lowest listing standards and is now facing the very real prospect of delisting from the Nasdaq.

    (note......instos were exiting from $2.50 down to 57c...but accelerated the exit today)

    A time to be even more carefull if you hold and a time definitely NOT to buy.

    IMHO of course!
 
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