I'm not trying to downramp as i'm actually stating facts but anyways I'm a smart day trader who doesn't just chuck in money after a spike in price.. Sometimes it works out really well but man i would've been stuck if i bought in and held it the next day. i could've made money if i bought at 1.3 or 1.4c and sold at 1.8c as i expected it'll reach before a pullback but just wasn't worth the risk for me.
The day traders were definitely pumping the stock up after this recent announcement so i was very hesitant to buy at open price due to sometimes not having much luck and only to close at 1c or back to where it was within a couple days.
I could imagine the greed from people that were literally putting buy orders at mid 1c.. My advice is to always put good for day when putting buy orders after a pump because a 50% loss can happen just like that but either way it's a good enough company to average down to whoever is stuck on a high average price.
ATH Price at posting:
1.2¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)