I was hoping that someone could explain the crazy price spikes you see on a generally tame day of trading. i.e. Check out IVOC, on Feb 23 04' and Sept 10 03' when all other trading was around .005 the price jumped to about .04 (quite a significant difference). Can this be attributed to an accident, someone putting the decimal in the wrong place and someone else having an Opeen sell order at the higher price? Just curious, I see this quite a bit, especially in Pennies.
Further on IVOC, I just came accross this one today so I haven't had a chance to do my DD on it yet or check the fundamentals, but the technicals look good. What do ya'll think? I've also been looking at PAYD recently, just made a small move, but consolidated right after, think it'll keep moving?
Laterz, Merrick
Posted by poorman on :
There doesn't have to be an open sell order if someone misses that decimal point the MM are glad to sell you something at 1000% higher than it is trading. A month or so ago I watched a 100,000 shares of IBZT go through at .41 What suprizes me is someone had that much free cash and was not savey enough to pay attention to there order.
Posted by mlove001 on :
Thanks a lot Poorman, I thought it must be something like that, but I hadn't actually run accross it in any books yet.
On a side note: How bad does it suck to watch a stock you've been watching (PAYD) start to take off while not having funded your account yet. LOL Ahh well, there will be others.
[This message has been edited by mlove001 (edited May 17, 2004).]
Posted by djfiii on :
I was waiting on the Ameritrade 10 day hold while everyone was making a killing on QBID. Doh.
Posted by mlove001 on :