I flipped SFCC several times today for modest gains here and there. But I missed more trades than I caught. In one instance, I hit the "Ask" button to set my limit order at that price, and the darned thing went up 30 cents in the few seconds it took me to decide to hit the "Buy" button.
What's the story on this one? I was just trading the swings today as nothing but a random ticker I saw moving a lot. This evening I'm starting to poke around under the covers. After about half an hour of digging, I picked some up at $13.25 in afterhours to have for Monday, based on my opinion of what I'd read so far.
Tiny float. So small that it traded most of it in EACH of the past two sessions. Down huge from where it'd sat complacently on low volume for a whole year (or more?).
The only thing not to like that I've found so far is what I think is very poor choice of wording in their PR's and especially the headlines.
I got into ELN because I thought it was over-punished. But it was easy to see why ELN had gotten smacked so hard.
I'm not finding similar justification here.
So what gives? Anyone?
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