To say that I was not surprised by the plunge in price of LMIR's rights is definitely untrue. I did expect further weakness but the steep plunge downwards was unnerving, made worse by the spike in trading volume. Going by the number of comments in my blog, many others were similarly affected. So, do we press the panic button and start frothing at the mouth? Nah, we should get really greedy. Hey, there is a fire sale going on. Some asked me if I had any idea why the price was plunging. It is quite simple, really. Price of the rights plunged because: 1. There are people who cannot exercise their rights. 2. There are people who do not want to exercise their rights. 3. The number of rights which sellers have is greater than the number of rights which buyers are ready to absorb. Now, should we ask why some cannot ......