a sign a stock is a day trader stock

You know a stock just got turned into a day trader binge when it goes up 100% in a day and then anywhere after the market closes, no posters during the trading day posting like maniacs continue the barrage of "Buy buy buy...this is hot".

Not hasseling, but the 1 day barage of hotcopper one-liner ramps did a real job on PEV.

For a company who was waiting for one piece of paper...an approval from the Queensland government...the quick rise in SP at around 20 trades on Friday morning bought out all the day traders.

Posts increased by 100 times or more the daily posts. I have held for a while but never posted. Approval was due Sept last year...but we all knew PEV would get it in the end...especially in light of recent water restrictions and government encouraged and even rebated programs for reduced state wide water reduction.

But its always the way....a jump in share price and they all come out....."my god...up 40% now.."..."no way 60% now...this thing is going to the moon".

No previous research, no knowledge of the company..just its going to the moon.

Now POEV sits with 6 million day traders sitting on the sell side wondering what hit them and kicking themselves for not being quicker to exit after a 5 or 20% profit.

But thats how some work.

In quick...out quick.

Buy...ramp....ramp...ramp...sell.....disappear.

These happen almost daily.

Many are aware of the one-hit wonders. There is no point mentioning names...they know their method...they will continue...just a good thin to be aware of in a market where the game is to pry your profits from you.

Back to PEV.

For me, PEV has been a good stock to silently get into low and wait for the QLD Govt to give approval for ripping bentonite. In light of recent state issues, 6 months later than expected, PEV got the go ahead.

Rough calc's have been posted. I agree with most of them.

But this share most probably wont jump to $1....I can see some rises after Pecific posts some sales data, but its far from a day traders dream.

A lesson here is to research the company, the findamentals....do you like them? If so...then check out the industry they are in...check it well. Check primarily the governments influence over that industry, current legislation, any legislation likely to change down the track and its effect on you if it is possible the legislation can change.

Then...can the company in this hot commodity, hot industry, legislation passed all boxes ticked situation....can they get the good to the market.

At what price? At what profit? Can they sustain continued sales at a good profit.

PEV will be fine.

Day trading rampers come and go. They live for the second. They dissappear after selling.

Thats the the way it is. Its not good for PEV on this ramp, but they will be ok and the 1 day rampers or 5 day if they continue next week.....they will goeventually and pat themselves on the back for a legendary effort of making 80% of their money profit in 1 week.

What legends you are.