lowtrade

[lowtrade]

NXOI

I'm not worried, you should be. In my last post to you, quote; Should you drink the kool aid? Only when the indicators signal enter and there is a chart pattern to pick goals from.

Well there was no entry signal with a chart pattern. And 19 million share float with 40K average daily volume shows the stock is NOT liquid. Your 30+% run was on NO volume, saying NO retail interest. No hedge funds or institutional.

Anyone could buy it up each day with less then $4,000 - 10% of the daily volume, in several trades. And it may be very hard to sell out on any fast retrace. ?? Trailing stop order for a stock under $5.00 ??

At any rate, just a heads up. In a fast daily retrace, you could get passed by so quick, with no one to buy your shares, you could end up holding a loss. This stock is not liquid, lower sell bids, in a panic, can actually move faster then anyone wanting to buy.

It's your trade, but think. Who's going to be around to buy your .95 bid offer, when seconds latter someone offers their shares for .94? When the stock only trades under 40k shares a day.

Food for thought!! There is no protection in an illiquid stock. IMO