Re: Still looks like momo day traders to me - again
I don't know either. There are several penny stock traders that are posting on Twitter and especially on StockTwits trying to get something moving. Maybe they are just trading it back and forth between each other. Still, 8 million shares per day is about 25% of the shares outstanding. I thought the shares might get back above the $1.00 listing requirement to fix that problem. I think if it closes above the dollar mark for 10 days it gets that out of the way. It was really just a technical gamble position for me, but my average cost is under 50 cents. Not sure what I will do if/when it goes over the buck mark. I have a rule that if something doubles in less than a year, sell. But, being a greedy person, sometimes I don't always follow that rule. I usually regret not following it though.