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#10441 |
MVP
Join Date: Jan 2013
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Posts: 10,635
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#10442 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Dang. It's a good stock market today and I happen to own several stocks that got hammered for various random reasons.
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Posts: 141,893
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#10443 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 45,784
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#10444 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 141,893
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#10445 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Yeah weird day. I got stopped out for losses on quite a few trades today even though all indexes are green. That’s pretty rare for me.
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Posts: 45,784
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#10446 |
Supporter
Join Date: Aug 2005
Location: Hermosa, SD
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This is correct. In sub 1.00 stocks it is usually done because the company is trying to avoid the Nasdaq delisting rule that you have to be above 1.00 for a certain amount of time. Usually a penny stock that is going to be diluted over and over and over again until it goes bust.
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Posts: 44,355
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#10447 |
Supporter
Join Date: Aug 2005
Location: Hermosa, SD
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Strong day for FANGMAN
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Posts: 44,355
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#10448 |
I知 a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
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Posts: 54,038
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#10449 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
Hedgies know that the longer they can keep it down the more people start getting nervous and start selling off. I've had those feelings too as I hate to see 300% gains vanish but I'ma do my best to ride it out. I'm just afraid there's going to be a trigger point and then a steep drop if it hits say $40 but I really don't think thats going to happen. |
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Posts: 40,499
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#10450 |
MVP
Join Date: Jan 2013
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51 was the low threshold if it would have stayed below it we would have more then likely lost but I think we'll be fine now. Going to squeeze soon
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Posts: 10,635
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#10451 |
Banned
Join Date: Jan 2013
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I'm looking for a pop on Monday. Like after Memorial Day. Pattern is the same.
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Posts: 53,803
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#10452 |
Fish are scared of me
Join Date: Nov 2001
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From stocktwits, several posts reporting the same thing.
$AMC 4:53:51PM AMC Seeing After-Hours Block Trade In AMC: ~548K Shares At $52.03 |
Posts: 40,499
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#10453 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 45,784
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#10454 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,499
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#10455 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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Posts: 11,432
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