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07-02-2021, 10:52 AM | #10426 |
Supporter
Join Date: Aug 2005
Location: Hermosa, SD
Casino cash: $10176551
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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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“When war breaks out people say: 'It won't last, it's too stupid.' And war is certainly too stupid, but that doesn't prevent It from lasting.” ~Albert Camus, The Plague. |
Posts: 44,355
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07-02-2021, 12:25 PM | #10427 |
Supporter
Join Date: Aug 2005
Location: Hermosa, SD
Casino cash: $10176551
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Strong day for FANGMAN
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“When war breaks out people say: 'It won't last, it's too stupid.' And war is certainly too stupid, but that doesn't prevent It from lasting.” ~Albert Camus, The Plague. |
Posts: 44,355
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07-02-2021, 02:34 PM | #10428 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
Casino cash: $6771021
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Congratulations I’ll never be able to do that. I bought in at $26.12 & as long as it stays around $50 I’ll be alright. I think I’ll sell @ $40 but maybe $35 if it gets that low. Still a profit but no multimillionaire.
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Posts: 54,038
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07-02-2021, 02:52 PM | #10429 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-159523
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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: 40,645
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07-02-2021, 02:53 PM | #10430 |
MVP
Join Date: Jan 2013
Casino cash: $-194459
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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: 10,842
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07-02-2021, 02:56 PM | #10431 |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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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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07-02-2021, 03:03 PM | #10432 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-159523
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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: 40,645
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07-02-2021, 03:41 PM | #10433 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-68100
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Posts: 46,154
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07-02-2021, 03:45 PM | #10434 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-159523
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Posts: 40,645
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07-02-2021, 04:00 PM | #10435 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7194386
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Posts: 11,434
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07-02-2021, 04:23 PM | #10436 |
The Planet's Only Superhero
Join Date: Sep 2002
Location: MO
Casino cash: $8586472
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Thanks to all who weighed in. I knew that movement had to be abnormal. I didn't get out at the top of the run, but got out at 6.08. Not too shabby for an "oh, what the hell" lottery ticket.
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Posts: 2,833
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07-03-2021, 11:55 AM | #10437 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $771110
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Quote:
Horrible call I made on CAPR from last week. Gotta own the good with the bad......
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07-03-2021, 12:52 PM | #10438 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-68100
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AAPL had been nice. I scaled out more at 140 Friday. Leaving 1/3 of original position to run by moving stop to previous day’s low until I’m stopped out.
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Posts: 46,154
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07-03-2021, 01:47 PM | #10439 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-68100
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Need some God damn stock tips from you guys!!!
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Posts: 46,154
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07-03-2021, 02:14 PM | #10440 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-159523
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Posts: 40,645
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