LEXG - Is there a circuit breaker for cashless, revenueless, assetless formerly $.12 stocks?

There are no circuit breakers for OTC and Pink Sheet stocks and LEXG crumbled even before today's financing news hit the wires. We've all heard of "selling the news" but how about "selling before the news", sort of like what Martha Stewart was doing a few years back. It all really makes sense if you add the March 22nd "buy before the news" $400k purchase of 3.4 million LEXG shares. If you've followed my commentary on this blog and Twitter concerning LEXG than you know what I am talking about.

I was the very first to find LEXG. I was likely the very first to pull it up on Level II this year before the rally started on March 22nd. You probably see that LEVEL II snapshot all over the internet with no credit to its source: ME. Here it is again from March 22nd:

The snapshot shows the 3.4 million share trades at $.12 the day before LEXG started its historic rally and now spectacular crash.


Don't get me wrong, this was a great trade up until today and congratulations to all of you who stuck it out through one of the most impressive rallies in recent memory.

Let LEXG be an example going forward for those of you new to penny stocks. Yes penny stocks can soar well beyond expectations and some imaginations, but they can also come crashing back down in a moments notice.