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  • goofy_investor goofy_investor Dec 17, 2003 12:55 AM Flag


    Relax and hold your shares. The volatality comes from one or two traders who manipulate API. When you're dealing with a low price and low volume stock like API, expect some opportunists with $200k to play it both way to gain in expense of week hands. I've noticed over 20k shares buy at $1.86 and over 20k shares sell at $2.44 at the market open in past few days. I had order to buy above $1.86 and order to sell below $2.44 which were never filled. So, a pro trader is here that scare people to sell and then profit at high.
    To be safe, buy below $2.15, sell above $2.30 and hold between $2.15 to $2.30 until we get close to next earning.