lpth was in my grid from premkt. sometimes i trade these kinda moves and they happen every day on low priced stocks...i am still learnin' more about movements cuz u can lose your ass on a retracement if leveraged. anyways, as i said every single day there some momo-mofo runnin' up 30-50% in 1 session...not long ago i was followin' one that spiked 200%, definetely worth a look.
Quote from $CostAverageMAN:
WOW....Just saw what happened to this magical stock....Just Kidding....Well this reminds me of the Ponzi story....You don't want to get stuck with worthless paper when the buying stops and the selling starts (Or in this case the MM cuts the price in half)....What is amazing to me is the buying that took place today in this stock (SCAM)....I can't find my original post on MNCS, but it went somthing like this..."Everyday the Buy/Sell ratio was like 1:10 and it would move higher....Supply and Demand was completly out of wack and you could tell it was being manipulated"....Bottom line if you play with fire one day you will get burned....
This is not meant to be rude to anyone who is still holding, but only to teach folks a lesson about true fundamentals and the HOPE of getting rich in the OTC....Preservation of capital is the key...
BTW....On a side note when have you ever heard of a company coming out with a Earnings Guidance/press release at 3:51 like LPTH did yesterday....Anyone who follows this stock knows that any good news in this thing moves it 40% easy....You really got to hand it to the few people who were on top of this press release....Talk about 9 critical minutes to buy stock on the cheap...
JUST THOUGHT I WOULD SHARE MY FAVORITE B.S story of the day...
$COSTAverageMAN