Calissio Resources Group Inc (CRGP)

[scdevon]

The reason is that this is a ridiculously thinly traded stock with almost zero liquidity. Look at the chart. It was "up" 44% on a single trade of 10k shares ($500 bucks) and it got slammed right away. Sometimes it's "up" huge amounts on much less dollar volume than that and it never holds.

I've always suspected that someone close to the company tries to get it on the "daily percentage mover" radar by seeding a small buy on a thin trading day to spike the share price in the hopes that some more chumps jump in. It doesn't work most of the time, but I suspect that's what the plan is.

$500 bucks doesn't even move the needle on the stock of legitimate companies. With CRPG, $500 takes you on a trip to the moon and back down to earth again in the same trading hour.