I've been having a good time with DCIX, it reminds me of DRYS when it went from single digits to over $100 than came the Trade Halt. Started churning at $8, what is going on with this crazy stock? DCIX was at $15
What starts a trading situation or frenzy like DCIX, its a dangerous stock best left for gamblers or traders that have read the LL2 for decades. I am not playing very big size, who needs size when a few 600 share orders scaling up can give you a fast $1500 gain? I am long and don't recommend this for regular traders, if you traded DRYS it might be fun. DCIX $16.49
What make's a stock go from $4 to $18.50 with light price point volume? Are shorts getting squeezed, can shares be pulled out of Margin in to Cash Accounts? Its going through $19, I wish I knew what make's these stocks freak out like this. Price $19.3
Traders are going to push it through $20 just to rub the wounds of the Short Burns hard, done posting, its going through $20 any second now.
Wow, it tanked $4($19.6 to $15.8 back to $19.50), it is DRYS 2.0, be safe and don't trade crazy stocks like this, a fun case study for anyone who likes to see pure chaos. Will they take it to $25 to $30, Pumpers are pushing it hard
DRYS and TOPS too were on fire today! I played neither but DRYS is my favorite train wreck. HMNY is another, as it's been between $2-$4, for years, and suddenly it went to $5-$10-$38.50. Those HMNY people got crushed, ended around $31, went to $27 AH's, then $20 and today it's in, the $9's. I have no idea how to trade those as it could fall .50 by the time you buy and then proceed to put a sell order in...seconds. The end result is, the same, but boy do you need balls of steel! DCIX, has reverse split too, like DRYS. If you profited kudos!
I played DRYS and got out right before the Trade Halt destroyed several traders hoping it would go to $500. After playing XNET the past few days DCIX was obviously going up once it pierced $6 I knew it was going up. These stocks can make you a hero or fry your goose, hope you made some good bank today! Have a nice weekend!