Rookie-If you don't understand why its going to gap up tomorrow then, no offense but you should not be trading. The odds of you losing money if not all of your money is very high. Are you trading with a Level 2?
I am not trying to make you feel dumb. I am honestly trying to save you lots of money. You should at least know some of the basics before you trade or start buying stocks, especially pennies. Pennies do not move like big board stocks and the things that make them move are not always the same. You should be trading with a level 2 so you can see the market makers. They can essentially show you which way the stock is going to go. You should be looking at your charts as well.
A gap up typically shows that a stock is bullish. CPMCF closed at .049 so it may gap up and open around .053, .054, .055 or higher. If this happens, expect to see some quick sells for day traders making that extra buck when it gaps up. But then also look for the buys to come in after that. We certainly could continue to run tomorrow.
When a PR comes out on a penny stock they will typically run for 2 to 3 days. Once you see the volume dying off expect to see the pps start to drop. If you are in it for the long haul then bite down and hold. It is not uncommon for people to sell at new highs and buy back in cheaper. Just trying to help you a bit to know what to expect.
But I highly recommend you buying a book or two. Maybe day trading for dummies. Don't take offense its just the name of a well rounded book.
Good Luck!
GMARC
AI
