David
Any crooks with enough money can push a penny stock to a dollar anytime they want. What is telling is who is buying and selling, what the spread is (not quite kosher if its 0.23 to 1.03, for instance), how long the price stays at $1 or so, and what it does after that (since the market makers are often in very tight control of the movements). Your CELN spike to 2 1/4 (when you sold at 2 1/8, and wasn't it great that Currency was able to sell all his CELN at exactly the same time and that both of you can get all your high volume sells and buys through without moving the price) probably lasted for a matter of seconds, so, of course, you can't expect any of us to be anywhere near as astute traders as you guys are. You have to consider this when giving us advice. We are not supermen, like you, who can hit these low and high points, exactly, in trading these BB stocks. To tell you the truth, I, myself, can barely do it in hindsight.
Larry |
