Big range, big volume, volatile penny stock... pretty much sums it up. Someone sold a large block of about 250k which brought it below .15 for a bit but it went right back up on lower volume and I still got zero fills the whole day under .15.
I doubt there is that many stop loss orders set on SCY so trying to knock them out is pointless. Just someone taking profits and a host of others buying and selling. You got to remember the stock was at 2 cents a year ago, although almost nobody cared and there was very little interest there are still no doubt a number of people with even lower averages than even myself and I was here pretty early.
All fairly normally activity in a junior miner. The only remarkable thing is that we continue to show strength while continuing to trade large volumes of shares. I've learned from people smarter than me that volume precedes price.
We could finish the week at 18 cents or 12 cents but either way a short term move over the next few months to 25 cents is quite likely in my opinion. Just be patient and set your buys 20-30% below market and you'll hopefully get some fills. It will be even harder to stay disciplined when it makes its eventual move and a lot of people will chase it right up even though that will probably be an excellent time to take profits and recoup your initial investment depending on your average.
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