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L & L Energy, Inc. Message Board

  • cool_scirocco cool_scirocco Oct 1, 2013 1:30 PM Flag

    Was that pop started by a PR about a new lawsuit?

    That sudden increase in volume and price at 12:18PM EDT coincided with the release of a PR announcing another lawsuit. Normally, I wouldn't expect something like that to spark a 500K spike in volume and a rapid increase in price.

    Here's what I think happened:

    The PR from the law company caused computers that had been ignoring LLEN today suddenly saw news, looked at data about LLEN, and saw the Form 4 filing from last night for the first time.

    So they mindlessly began to buy the stock.

    Eventually, they lost interest and the usual algorithms that are running the stock retook control.

    Of course, I could be wrong, and some other news leaked which hasn't yet made it to official channels.

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