posted
It runs and pulls back, runs and pulls back. Looks like between 5-10% daily. Could be a good flipper if not for being a relatively new issue.
Posts: 2498 | Registered: Mar 2006
| IP: Logged |
posted
This is nuts! I got in yesterday around $24.00 and today it's over $40.00? I put my stop in at $35.00 then lowered it to $30.00 just to ensure a profit and I'm worried about it hitting $30.00 and me getting a free ride notification. Where are my TUMS??? Posts: 2498 | Registered: Mar 2006
| IP: Logged |
quote:Originally posted by Stockstar69: This is nuts! I got in yesterday around $24.00 and today it's over $40.00? I put my stop in at $35.00 then lowered it to $30.00 just to ensure a profit and I'm worried about it hitting $30.00 and me getting a free ride notification. Where are my TUMS???
How much more do you see this going by weeks end. Just curious?
I did some calculations:
Thursday=== up 15.9%
Friday===== up 28%
Monday===== up 32%
Today====== who knows
-------------------- Best Regards and Good Trading Posts: 239 | From: Florida City, FL | Registered: Jul 2006
| IP: Logged |
posted
What kind of business is this? How did they miss the SEC radar? OH communist China, my mistake.
Posts: 957 | Registered: Jun 2006
| IP: Logged |
quote:Originally posted by 6digits: What kind of business is this? How did they miss the SEC radar? OH communist China, my mistake.
Yeah Big Red IPO gone crazy. Remember SEC works for Bush and Bush does a lot of business with China. Wouldn't be surprise to see this in the 90 to 100$ range by end of week.
Heck I still can't figure out an entry point for this thing, just watching on the sidelines
-------------------- Best Regards and Good Trading Posts: 239 | From: Florida City, FL | Registered: Jul 2006
| IP: Logged |
posted
It did have an intraday double top today, but who knows... this thing is nuts. I wouldn't be surprised to see **********, Motley Fool, or one of the others do a trashing on this, but it seems to have a mind of its own. GRRF also had some bees buzzing today, another semi-recent low floater China IPO.
Posts: 83 | Registered: May 2006
| IP: Logged |
posted
The float on EFUT is that low?? if the yahoo info is right then the float at 45K is pretty much dried up. Shorts better cover before this thing hits $50. I wish I had bought in the low 30's yesterday but I was too timid. I woulda made a bunch of money yesterday, but thats how volatility works, especially with a short squeeze and momentum.
I still can't figure out at what point to get in if I want to buy some shares. Does anyone have any good points on playing volatility?? These China stocks are going crazy nowadays.
-------------------- One risk I enjoy: daytrading stocks Posts: 273 | From: New York City | Registered: Sep 2004
| IP: Logged |
posted
Man this thing is volatile, still watching from the sidelines. Repo you got balls shorting this. But lets hope that Stop kicks in if it goes the wrong direction for ya.
-------------------- Best Regards and Good Trading Posts: 239 | From: Florida City, FL | Registered: Jul 2006
| IP: Logged |
quote:Originally posted by Lootcifer: Man this thing is volatile, still watching from the sidelines. Repo you got balls shorting this. But lets hope that Stop kicks in if it goes the wrong direction for ya.
I use stop markets, not limits, so it'll kick in... as long as it doesn't run, I'll be alright.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Eek!]](eek.gif)
![[Big Grin]](biggrin.gif)
![[Razz]](tongue.gif)
![[Frown]](frown.gif)
