playing small cap spikes

Discussion in 'Stocks' started by ggoyal, Mar 26, 2008.

  1. ggoyal


    i have noticed that these stocks(TMA, LUM, etc) always tend to spike 200-300% when they fall to $1 or so. They start their dive from 15-20$range. Like TMA and LUM, falls to less than a dollar. then shoot up a couple of hundred percent. next time I get an opportunity, not with those stock but new ones, I will put 3k-4k in it. fall from 15- 1 or less, get in. It almost always rises then fades away the next few days.

    Any thoughts on why?