Tuesday, January 18, 2022 7:09:11 PM
UNFORTUNATELY, as I have recently (just last Monday) moved bids from AXIM onto another (somewhat related) play, I am NOT doing this from that same post:
Unlike the "words of wisdom" you may have heard in an earlier post today, stop loss orders on a stock like this: relatively low average volume, low pps for a long time, very little interest in purchasing by investors who have more shares than they originally desired - all adds up to an easily manipulated stock.
A large, fast dump at market on an off day like today, and towards the end of the day, could easily shake out all of those stop losses in a matter of minutes. Then the same player scoops up all of those stop loss shares in a few low placed bids. With volume 4x normal, such a player could easily snag a $20,000 winfall on a mere 3 cent change in pps.
Now , I don't feel the need to say, "I warned you", because truth be told, the above already did that.
The good thing is that anyone who did not get caught up in losing shares today should see the stock regain all of its lost ground in just a few days.
BETTER than stop loss orders (on a stock like this one) are to follow investing 101: NEVER invest more than you can afford to lose. If you do this, you won't need to place stop loss orders.
Please note that my posts are for discussion only. They should NOT BE CONSIDERED AS ADVICE FOR YOUR OWN PERSONAL INVESTMENT CHOICES. ALWAYS do your own DD and feel free to question or validate my posts at anytime.
Recent AXIM News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/19/2024 09:06:24 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/13/2024 08:14:24 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 05/22/2024 08:53:56 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:24:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/28/2023 04:59:09 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:29:50 PM
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