InvestorsHub Logo

Simple Steve

09/26/17 9:54 AM

#35859 RE: mpreorder #35853

Yeah it was probably mostly computer trading to go up that fast. But ADXS got a lot of attention that day. There were lots of traders looking for a quick buck. When they, as well as some of us longs, so the stock so "cheap", $14, they bought and it went back up. The reason it went up so quickly is that it had already plowed thru all the sell orders and so at that point there were no roadblocks in front, thus the sudden rise. I mean, just a minute prior everyone who wanted to sell at $15 or $16 had sold, and 2 minutes prior to that all the ones who wanted to sell at $17 or $18 had sold. So when these buy orders came across there was no one willing to sell and thus the price rose quickly. The panic was quickly over and then the greed began. Investors saw an opportunity to buy cheaply and that's what they did. I clearly remember sitting at my computer with my hand on the "Buy" button, but I didn't hit it in time. I'm sure there were many others like me. I also suspect not many people were actually able to buy down around $14 or $15. Once the buy orders came rolling in the sp shot back up and the panic ended. IMHO