LEXG - Has Surged Over 2,000% From The Day I Brought To My Blog

On March 22nd I covered LEXG and its unusual trading on my blog. The stock opened the session at $.12 and closed with a very small buy at $.51.

What popped out right away was the money volume. Someone in 4 separate trades, all within a 15 minute time frame had bought over $400,000 of stock at $.12. Prior to those trades LEXG was, for all intents and purposes, absolutely dead and dormant. Those trades obviously came from someone in the know. Here are the trades:




From that point on LEXG has mounted a tremendous rally closing at close to $2.50 a share. The stock traded over $20 million worth of shares. Whoever purchased those $400k in shares is now sitting on over $8 million!



What I noted at the time, and what makes this market so hard to predict, is that the company per its last filing has ZERO assets and ZERO revenues. The only thing this stock has going for it is the money flow. Where that money is coming from and why are two questions I do not have answers for. I can only assume it is a massive promotion, but that is just my opinion. Maybe the ticker resonates with investors and they like the sound of it. Perhaps the chart is what draws people to this stock. Either way a stock like this is great for penny stocks as it shows that almost anything is possible in this market. When a stock continues to march higher, sometimes its best not to question why, but rather trade it until the music stops, and then come back here for the next LEXG. I'll be sure to find another.