Company was OBJ. You can look at their history. They have a product which looks good but the turnaround at the time wasn't an announcement on management or research or anything you might consider rational. The sp just got to a point that people were willing to put in their money. Look at IOT today. It's up currently 2.7%. If you hit the bottom and the top you have done better in a day than you nailed in a year with most banks. That's .001. IOT will get to a point where people will throw caution to the wind and take a gamble. That might be today. It might be 3c tomorrow. That's what investing or gambling on spec stocks is about. If you can sleep well at night when you just lost 50% of yr stock value then you belong in the spec stock market. If not then buy dividend stocks and take yr chances there.
Happy hunting
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A loss but at what cost?, page-48
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