I hope you didn't put all your money in REDI. If you did then please sell some tomorrow at a price you feel comfortable even if it means taking a loss. Remember this rule number one of daytrading: "Live to fight another day".
P.S: 1)REDI in 20 cents range was very tempting. I had been waiting for an insider to buy before I loaded up. Alas no insider showed any confidence even at these low prices and hence I didn't buy in the 20cents range. Suprsingly, they bought at much higher prices.
2)I looked up the following site and realized that this site was some how responsible for today's push. I just signed up for their free newsletter in order to get their other weekly recommendations. Note that they recommended REDI on Feb 2. Amazing that it moved today. Looked up their other picks and those had a push too after their recommendation. I suggest that you sell a small portion of your REDI (doesn't matter if you sell at profit/loss) and move that money in their next recommendation. Maybe that way you will be able to recoup some of your REDI losses. http://www.vippaxadvisory.com/index.html
3)Be careful with the above site's recommendations as they seem to deal with stocks that are close to delisting and have thus fallen very low with little volume. Such stocks can be easily manipulated. So don't put all your money in their recommendations as they have risk as you would have realized from REDI's behavior today.
I bought 10k. Actually I bought 8k @0.4 and sold them @0.45 (btw. could have sold @0.48) I did it the same a second time buying back @.4 when price had still wild oscillations and missed the opportunity (at that time judged too lame) to sell @.43. I expected a rebound at close but... Two minutes before close I tried to sell everything @.36 but it was already too late.
Of course, I'm still lucky in comparison of those who bought that for .8+ and I still cannot explain to myself why this stock skyrocketed like this just to plummet close to it's opening price. Do you see the logic behind this?
Now regarding vippaxadvisory.com, if you read post 1339, you'll see that they pinpoint exactly the exit date (Feb 9) for this trade, impressive.
In their presentation they claim to benefit from a network of insiders leaking to them what ought to remain insiders secrets and vippaxadvisory is not ashamed to say that they pay big compensations for those services. I'm amazed that such a website can be active. Would not the SEC be entitled to prosecute them for bribery among other charges? If you read carefully post 1339, you'll see at the end that their advices are ridiculously expensive ($5000 per signal), of course if it works, why not, but again this seems to me hardly legal.
10k shares at 0.4$ is not too bad at all. Near close there was a big 200k block at 0.39 that tried to support and push the price but ther was no follow through at the big bid was withdrawn. I feel that this stock will recover to 50 cents shortly. There is usually a follow through on such pump/dumps in my observation. Expect a knee jerk reaction to the delisting causing a selloff first.
Same story here. No activation link received. I am eager to see what they pump next week.
2.>>>I'm sure that you'll get nothing before having forked some grand $$$ I'll not do this for them ;-)
For their strategy to be effective they need more folks jumping on their picks and hence the free newsletter. I think they wouldn't mind mass buying by daytraders jumping on their picks as that gives them a decent exit price.
Good luck with your REDI trade and hope you exit at a decent price.
This is a Classic example of Painting the Tape. Probably made much easier since CNBC dropped the share amounts being traded. The nunbers below are from businessweek, but I looked at another free site I use thet gives trades every minute under time and sales, and it looks like most of the trades at the spike were very small. Then the selloff began in full. It is doubtful that this website pumping REDI knows anything, other than how a Ponze scheme works, and how day traders think. http://www.investorwords.com/3573/painting_the_tape.html