After hours this cat went to 4.12, and it seems that all of its weak hands are already sold. Therefore, expect a spectacular run at the open tomorrow morning. :)
u expect it to have another leap tomorrow? do u suggested it for a long term investment? think itll slowly hike it way back to 600? :lol: give meur insight...because wow 200% in one day...damn...
Well, today was the result of an amazing phenomenon, which only occurs when a solid firm with a low float executes a reverse stock split. The effect of today's increase was also the direct result of severe pumping, but interestingly enough, this stock's price sustainability was maintained the shortage of shares and immense demand. The stock peaked at 4.99 today, and many folks who entered with weak hands apparently lost quite a bit as it dissipated back to 3.89. However, during the after-market trading session, it rose to 4.12 because of stronger shareholder resolve. So, here is the situation: Low float Incredible demand for shares Strong hands all in for long haul = many longs to hold up price Combination of pumpers and fund firms to boost price in early morning Double digit expectations by day's end Here is the closest comparable to this stock. In fact, GOAM and RCO are like cosmic twins. [url]http://finance.yahoo.com/q/ta?s=RCO&t=6m&l=on&z=l&q=l&p=&a=fs&c=goam[/url] A tremendous determinant of this stock's upward mobility will be its performance in the premarket and tomorrow's share volume. I got in at around 4.03 during afterhours trading, which is terribly late, but if the volume is similar to today, there's no doubt that it will hit at least 8 or higher. However, beware that many shorts will hit this stock at certain resistance points throughout the day, but understand that this firm's long term potential is in the 20s by the beginning of the new year. :)
jeez...im gonna listen to u more often, lol, if only u had put that first post in like 5 days earlier...but i am thinking about buying some...what do u suggest a good buy in price is...?
Awesome. This thing is up 25% in premarket. I'm glad my day is starting out nicely.
I'm dabbling with more shares during after-market and premarket trading, but I think I'm going to play this one a bit conservatively today. I'll sell early without getting too greedy. Until this stock can penetrate the $6 barrier, I won't get back in it because of its volatility. There was too much resistance yesterday around 5.95, but if it gets past $6, the volume will pick up. Tomorrow morning, we are looking at big margins real early, and there will be serious fluctuations from around 5.20 to 5.90. :D On the flip side.... Go SIRI!! :P
I'm glad that I maintained my strategy for this stock. I got out this morning at 5.74, and since then, it's tanked to 4 and some change. The MMs are having a field day with this puppy. :D