quote:Originally posted by Johnwayne: Next time it drops to .05 I will put a buy in. July 10th - .05 July 11th - .62
Seems to happen all the time
I dont see it .05 was a false low no one bought at that price it has done similar moves in the past falling to .015 or.02 or even .0002 always on very low volume ( representing a single trade ) and always followed by an imediate bounce back to the previous price. historicle time and sales indicate that it is very unlikely anyone could have bought at any of those levels. maybe some kind of option conversion i dont know, but neither you nor i will ever get any at those prices though it would be nice!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
Today makes the 6th time this has happened since March. it never stays down for long but sometimes it does stay high for a few days. It has dropped below .02 a few times. Maybe throw a few hundred at this the next time it gets down in single digits. Gotta be something I'm missing here.
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posted
Sounds like a trader trap to me John. Too few shares, can be controled to easy. JMO
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
52 week high is 1.30 52 week low about 30 not counting the ghost lows of .0001/.0002/.0015/002/.015 and .05 all of those appear to have been single trades no way anyone here could have bought at those levels. this stock has a habbit of going for weeks without any trades then one of these ghost trades pops up and it trades a little.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
I will watch this closely and throw a little at what I think is bottom. I probably will try for $200 worth. What the heck, maybe I'll get lucky.
Will let all of you know how I come out!!
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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quote:Originally posted by Johnwayne: I will watch this closely and throw a little at what I think is bottom. I probably will try for $200 worth. What the heck, maybe I'll get lucky.
Will let all of you know how I come out!!
approaching the 52 week low maybe a bounce play. GLTY!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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quote:Originally posted by Johnwayne: I will watch this closely and throw a little at what I think is bottom. I probably will try for $200 worth. What the heck, maybe I'll get lucky.
Will let all of you know how I come out!!
JW, let us know how it works out. My scans picked it up today, but I am curious since the normal volume on this is ~500 to 1500 shares. Then today BAM 450K shares traded.
I throw $100 at CDDT long ago because it would go from 0.0001 to 0.01 to 0.001 and back. Needless to say I still have $100 of it. I hope one day some group decide to play it and I can get my $100 back (actually I keep a sale in so I'll make $50 one day).
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
another play like this is AXGJ, it ran from .05 to 4.75! it has made some smaller runs too. FLoat on this is miniscule, pinksheets have it at 5000 O/S. It does seem somewhat liquid at least more than this one. I have been watching it for a while. it could run again but i will throw 100 in it when it drops to single digits again.
Posts: 406 | Registered: Oct 2005
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posted
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Posts: 801 | Registered: Nov 2005
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posted
I think someone has an inside adavntage on this one, im waiting for a dip and im gonna jump on line for one of those (800%to1500%)next day gaps. someone is making money off this, why not me.
posted
Well there has been some discussion on this thread of ghost trades. I guess I'm not real familiar with ghost trades but I mention them so that you don't get in too deep here. Plus volume can be next to non-existent at times so bear in mind it may be tough to sell. I am going to play this with a real small amount because I really don't know what to expect. JDG- I think there is a thread on here about AXGJ.
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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posted
This seems to have started descending now. August 1 it was at .60, now at .41. So ghost trade or whatever it is, I'm assuming this will continue it's slide.
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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posted
Man, the charts are all over the place on this one, but I am not so sure about the charts in pennyland anyway - particularly on a play like this without news that garners that much volume..
I was curious if anyone has tried to jump in since the last run, or flip on the trading range. The spread is beyond insane....AXCJ looked very similar except that it didn't trade a single share today.
Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
RCHN 1st level support is .32, let's see if it bounces off that tomorrow. Volume has remained higher than normal for this one. Scottrade shows bid at .17, Microcap trade at .365, so I don't think that support will hold.
I'm thinking we will see bid of .17 sometime tomorrow, than I am going to try to put a $200 bid in at .05, if Scottrade will let me place an order that far below the bid.
Looking back through, it is definitely ghost trading or fat finger trading or something. Cause in mid July it went from .05 to .60 with volume of 154, one trade I would assume.
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one day).
