posted
Can someone help me figure out why a stock price will jump only once a day and the jump is from .35 to .22 or .50 to .65..Does that mean "GET OUT NOW"? Why wouldn't it trade by 1 cent? The stock I'm talking about is IFBV. Let me know thanks!
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Steve020866
unregistered
posted
It looks like the number of shares sold during the day is extremely low. I am only looking at a month and the highest volume is 16000 shares with some days being only 400 and 4000. Usually these are only one sale for the day and they happen to either get lucky or hurt depending on what price they bought or sold it at. In cases like this it is not unusual for the stock price to change in large increments. When there are several thousand or millions of shares sold or bought during the day the price usually fluctuates by a penny at a time, unless there happens to be an incredible amount of PR. PR mostly affects the open with a major jump in price however if the PR comes out in the middle of the day it can have drastic affects on the price. I haven't been trading that long myself however this is what I have figured out from watching the markets. I hope someone like PG can either comfirm or deny this. If you watch the market closely you will see this. Anything trading heavily will move slowly in price to a point. I hope this helps.
posted
yes that helped. I had an idea why but that confirms it. I own some shares at $1.20 from 3 yrs ago, cant take the loss but its scary that this company is not traded by many. Will this company go lower then 10 cents? Should I take the loss?
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posted
If I were you I would just hang on to it at that kind of loss. How many shares do you have?
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.
unregistered
posted
Unfortunately I own 2050 @1.25. Its a big loss but I'm tired of seeing the stock under .85 cents for 2 years! I wish I had that $2000+ to invest in another stock.
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