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Thursday, February 12, 2015 10:31:30 AM
Yeah, on volume of about $110 bucks worth, almost 1 hour into the trading day.
That ain't exactly "heading up"?? It's barely liquid and barely trading at this point.
Not a good sign. When this one goes "ill-liquid" most times I've ever seen it in the past- it's getting ready to get buried in a blink. With no liquidity, a single sell order of any "size", even like say $1000 or $3000 bucks worth can often bury it like 10% to 20% in a blink. Let alone a serious sell order, which for this ill-liquid a stock is anything really over about $5K dollars, which is noise level money- but can sink this thing like a brick when it's in this flat-lining, thin, highly ill-liquid, super slow trading mode.
Right now, that "up 10%" is on nothing but the spread and as stated, is on a grand total, whopping $110 or so bucks worth, almost 1 hour after market open.
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