Hi,
Very new to the stock market and I have to say I'm a little disappointed. Was expecting to be rich...rich..rich by now. Another lesson learned, I guess. 4 weeks trading and the lessons are coming hard and fast
If it's inappropriate to ask here please let me know, but can anyone explain in laymans terms what happened today? Why is the price still basically hovering around where it was prior to the original trading halt.
Is it the day traders that do the borrow-shares-sell-high-drive-price-down-buy-back-low thing? So they borrowed shares, sold some of them when the price hit the high when trading opened, then sold more at a much lower price to drive the trend for the day down and keep selling at lower prices at what they consider opportune moments to keep it down?
Will they be back tomorrow? Can we expect the same thing again - a steep rise in price quickly followed by a lower price for the rest of the day?
How long will this go on? Until all the stock holders willing to sell below the daily opening peaks have been eliminated from the pool?
Lastly, is this stock still likely to make me rich...rich...rich in the coming days (not weeks or months, I realize it should go up over time as long as LCK doesn't majorly stuff anything up) or does shorting take all the wind out of the sails by allowing all the people who would have bought in at higher and higher prices to get their share at the cheaper prices leaving no-one that wants to buy?
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $7.597M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $4.4K | 1.225M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
65 | 57625502 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 8643444 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
65 | 57625502 | 0.003 |
70 | 133467303 | 0.002 |
27 | 174150000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 8643444 | 16 |
0.005 | 6988429 | 6 |
0.006 | 1408009 | 3 |
0.007 | 1783856 | 3 |
0.008 | 137500 | 2 |
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