It is 10 am Eastern, and within 30 mins of trading the volumes are already higher than that of yesterday. The total volume for the first 30 mins is 1.42 million as of the time I am writing this. We had very high volumes yesterday as well. I have a feeling we may have another big run up today, and it is possible we may hit the 0.50 mark. One thing to note is that the big run up took place in the afternoon, after lunch hour on both days. I hope for a similar run up today as well.
The high volumes is everyone selling off what they purchased cheap yesterday. At this point, it is losing $.01 for every $0.001 it attempts to go up. Went to almost 44 cents in the first few seconds and has plummeted to 33 cents is no time.....the momentum is all but gone
Let's not jump the gun here. There was a huge run up the past few days, after it had reached 0.12 on Black Monday, which was also the moment I thought that my entire $18,300 investment had all but disappeared. From a low of $0.12 to a high of $.48 yesterday afternoon, the stock had Quadrupled, or basically gone up 400%. That's a massive run-up. Profit-taking is inevitable. I think that the stock will hit 0.30 around 12, and that's when the bulls get in and make a big push into the 0.5 territory. All this is speculation ofcourse, but hey, given my position, all one can hope is to dream.