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Re: Cobra Kai post# 5381

Tuesday, 05/03/2011 1:37:42 PM

Tuesday, May 03, 2011 1:37:42 PM

Post# of 28292
Look, I'll be honest with you I've only been doing this for a month, but I've doubled my money (3k+ profit) and kept my losses short (-$400). Call it beginners luck; I'm no expert. But I've seen this before with other companies and I think the price was intentionally manipulated yesterday by short sellers, it would appear to be the case. Purchasing shares way higher than what they were worth at the time and then immediately selling them. Some people actually caught on to this and bought on the way up.

I'm not abandoning this company, I think it has GREAT potential, but I'll revisit it later if I get a chance. There will be alot more people holding this time, so getting a low purchase price may not be possible the next time around. I also think the time to get out after the next jump may be less since many will try to get out before it hit yesterday's highs.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y