GREY:CHALF - Post by User
Post by
Boredgenius1on Dec 09, 2016 2:19am
155 Views
Post# 25575216
What the heck is it with this stock.
What the heck is it with this stock. A buddy of mine told me about this fabulous stock that his tech geek gamer son had doubled or tripled his money on. Turned out to be GLH, so I bought in fairly hard in early November. Sold some VP stock to do it, lmao, at .145 cents for a tidy 2 cent profit(before they shot to 33). Anyway, I got spooked and ended up selling off around 70 cents and broke even. Got really lucky, because the stock continued to fall, all the way down to 30 cents which would've been a 55% loss.
Could somebody tell me what the heck goes on with this stock, every time I think it's found bottom and entertain buying back in, it drops another 10%. I had a limit order at 30 cents and cancelled it a week ago. I can't seem to find level 2 quotes, so I can't really determine depth and I have no motive to own the stock beyond it being profitable. I'm curious why this stock seems to be hell bent on settling to its 15 cent lows. The storefront seems viable, but I don't understand why it is dropping steadily.