Hi, I'm quite new to the stock market so can anybody explain why, when it has been on the news that if LUFC goes into administration investors will lose everything, people are buying like there's no tomorrow? Is it worth buying on the offchance (with the AGM coming up) or should you only buy if you are not attached to your money? Any advice would be appreciated.

Robin,

Well to give some credit to the directors, they recently warned shareholders not to exspect ANY return for their shares, and they are probably going to be proved right!

What I don't understand is why holders didn't sell at that point, and am totally baffled as to why people were buying in with such abandon when it already looked like an administration case!

To have bought in the last couple of weeks was just a straight gamble, IMHO, nobody really had much idea how it was going to pan out.

Not sure what will happen next, although a win tomorrrow would certainly help matters!