Lithium Exploration Group, Inc. Message Board
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Why is LEXG down?
Anybobdy tell me why LEXG is down today and no clowns
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looks like they are just about done dumping those 2,000,000 shares. look for a rebound tomorrow.imo
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because of the 2,000,000 shares given for the new technology.
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Because it's a scam..........no money........no assets.......no properties.......no discoveries........no NOTHING.
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Because it is extremely overvalued have you seen their financials???
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Because the company is a scam and the wave of selling has started, LEXG = SCAM!
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Someone wants in big-time and this is the way to do it. It will bounce suddenly.
- 1 Reply to stocksweep
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Please don't give false hope. It's a pump and dump. Do some research on pump and dumps. A guy called Tim Sykes plays them all the time and makes good money doing it. He can teach you all about them,google him. No, I'm not tim.
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Because this stock is something called a "Pump and Dump".
1.) A stock promoter sent out mailers promoting the stock.
2.) Everyone buys in driving the stock price to over 10.
3.) The company/promoter sells the millions upon millions of shares they have making a ton of money.
4.) Everyone who bought is left holding the bag "bagholder" hoping it will go back up.
5.) It doesn't go back up and future spikes are met by selling by bagholders trying to minimize their loss.
Basically everyone who was expecting it to bounce back up today started selling and it went down like a house of cards.
Sorry for your loss. I've been caught in a pump and dump before and it sucks. :(- 2 Replies to kskog25
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You missed out on a few points.
For #5, spikes are being met by dumps. Bagholders continue to hold in order to break even.
#6, stock is halted, bagholders believe it is temporary
#7, promoters get prosecuted, illegal profits (what is left) are used to pay for lawyers and as penalty to the SEC.
#8 Bagholders get charged by broker for holding worthless securities, then sells to record a wipepout. May offset loss with gains, but learned one of the most expensive--and hard earned--lessons.
~The End~
[insert film credits here]
Re:
Because this stock is something called a "Pump and Dump".
1.) A stock promoter sent out mailers promoting the stock.
2.) Everyone buys in driving the stock price to over 10.
3.) The company/promoter sells the millions upon millions of shares they have making a ton of money.
4.) Everyone who bought is left holding the bag "bagholder" hoping it will go back up.
5.) It doesn't go back up and future spikes are met by selling by bagholders trying to minimize their loss.
Basically everyone who was expecting it to bounce back up today started selling and it went down like a house of cards.
Sorry for your loss. I've been caught in a pump and dump before and it sucks. :( -
Very nice of you to take the time to spell it out, even though it's hard to tell when/if it's a new investor who is really serious and open to "learning". Most of these posts are from people who really care, but then again, it would be better if they got their advice from someone other than a messageboard! Good job and good effort replying!
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