InvestorsHub Logo
Followers 29
Posts 2417
Boards Moderated 0
Alias Born 03/09/2017

Re: trademax42 post# 53986

Saturday, 08/26/2017 6:50:46 PM

Saturday, August 26, 2017 6:50:46 PM

Post# of 127559
As I said, the gap at .016 is NOT a breakaway gap. 5 million is NOT a lot of volume for a stock trading this low. I could easily trade 5 million at this price if i wanted. therefore, to say that the gap will not fill because it is a breakaway gap is not accurate.

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.