true. it could easily have gone back down. i did buy some more for $4.74 (only 100 shares) right before the close. i felt like making a small overnight gamble. we're at $5.02 now.
this was an older guy who's only been here a month or so and still trades small. he had a negative P&L when i walked by his computer, but so i doubt it was more than a couple hundred shares. the market musta caught his other trades short.
I've been holding ALTI for quite some time, sold 90% of it at just under $3 and kicking myself. LOL The rest I hold is just a forever position that I will ride to 0 if necessary. I thought the $3 area would have stopped it just like it had many times.
all of this runup b/c of the following news release?? 12:56pm 02/10/05 Altair Nanotechnologies up 37.5% after product news (ALTI) By Leslie Wines NEW YORK (MarketWatch) - Altair Nanotechnologies (ALTI) Thursday swept 37.5 percent higher to $2.86 after the Reno company said it "achieved a breakthrough in lithium ion battery electrode materials." The company said the discovery will lead to a new generation of rechargeable batteries. i know it closed at $4.77, up 129% in one day!! man, this stock is acting like it's 1999 all over again. this is "irrational exuberance" redux...
$5.50, up another $0.73 in the pre-market. those guys over at yahoo are going bonkers. one of them claims to own 40,000 shares, and yesterday ordered a new lexus. haha.. http://messages.yahoo.com/?action=q&board=ALTI
Is anyone planning on shorting this thing? Penson has no shares available. It seems like a pretty good story though...batteries with three times the life span, recharge in minutes, and same price as current batteries.