Obi..yes..with a small public float..they can be very volatile..
they can go up like a bullet on just a little buying,
and you have the downside to that too..
it can come down fast on little selling.
Not to mention, you have MM's always playing their little
headfake games..
I personally ALWAYS have GTC buy and sell orders in..
on all stocks..whether it's BKMP with billions of shares
or stocks like this with just a few million..
and I reco GTC orders highly..
(and you don't have to stay
glued to computer all day)
if a stock you want to buy dips to your bid for some reason, you may get some at YOUR bid..YOUR offer..
then you IMMEDIATELY put set a GTC 'sell' price on it..
at YOUR selling PRICE..
if the stock should rise suddenly on a PR to your sell price,
a GTC sell order that you have already in place for days and weeks, has a much better chance of getting filled
than those who are making a speedy dash to the cashier line that day.
Basically, a GTC order puts you more near to the head of the line..whether buying OR selling.
Hope this helps.
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