Due to the low float this stock is a pump and dump favorite. Buy the top and hold the bag until the next one comes along which could be anytime from days to weeks to months.
Not an Indian, although I do not see anything wrong with being one. You have nailed my target gain per trade, it is exactly $150 and I am not at all embarrassed by that amount. I am doing far better than that with this dog however since the pump and dump is so obvious, not even lasting 48 hours.
Keep trying to convince others. You must be a poor Indian who does not know anything about the market. There is no money in what you are talking about. Wow, do you make 1-2 hundred when there is a pop in price? LOL
I do make very small trades at least compared to what the funds place and in fact I do, in concert with the other side of the trade and the market maker, control the value of my trades exactly. They always trade at my limit, to the penny (of fraction thereof when appropriate). As I said before, the price of the trade is the real price, every time, for both sides. I suppose a slight exception would be the market maker trading for his own book where there are three sides so the bid is real, the ask is real, and the spread is real. You of course are free to keep thinking the prices are not real. May I suppose that you are a large investor, managing millions but still having time to communicate with a small fish such as myself?
For the people who made those trades, the trade price was the real price. What it is to anyone else does not matter.
Are you serious? Yes, if price drops 30% on small number of shares for end of the trade day trades they mean nothing. The real value is what it trades @ with actual volume not a few small price munipulaters. You don't understand how hat! WOW!
What is the "appearance of the price"? Are you saying that there is a "real" price listed somewhere that is different, and I presume in our opinion, higher?
So let the dumb try their hand at the poker table and learn from their own stupid mistakes then when the shoe drops on their head they'll know just who the "chump" is. IMO
Typically, the stock that jumps on no news as this did, thanks to extremely low float, will retrace 50 percent of the gain before it finds SHORT TERM bottom. This shot up way too fast, therefore 55 -60 percent retrace for a first bottom, as it has done several times before, sounds reasonable and true to the PATTERN. Thus, wait until it hits 2.75, below 3 and buy for 15 percent gain. In a month it will be back at 1.5 - 1.75, the volume will completely die. Buy a few hundred shares each day until you build a position and sell on the next utterly unexplainable PUMP.
Since the management knows all of this, it must be hopelessly dysfunctional or stupid for running an utterly illiquid company that should not be traded public. Than again, this is a GOD SEND for smart small time retail fast traders.
200 percent on NO news, ZERO change in fundamentals, hot air and horrible last quarter report plus no future, thanks to small float and savvy traders running it up and up and up. Now that the music has stopped it will revert to the mean: pre- 1.75 price. It will take time. Buy when volume is practically nill an d sell when huge volume, and for no reason. I think there are a couple of ronds like that in the life of this equity. So selll now and buy weeks and months later at 60 percent discount.
If you knew your history, chump, you'd know that Crown Baus (CBCA) and others did manage to sucker shorts in, on a very heavy borrow, because it was such an obvious scam.