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Saturday, August 26, 2017 6:50:46 PM
there are other factors as well, such as the reason for the gap up, which is not any kind of real news. When a stock gaps up due to real news, gap doesn't always fill, but when a pump and dump stock gaps up, the gap usually fills. INMG is a pump and dump.
If I buy INMG at this high price, I will do so under the stress of not knowing when the gap fill will eat all my cash. In this case, if I buy, I lose half my money.
99% of penny stocks are pump and dumps, yet 100% of penny stocks pretend to be in the 1%. Contracts, patents, mergers, partnerships, and other such news are usually "too good to be true" and should be looked at in detail. The source should also be vetted.
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