RE:Penny flippers gone, BTE soars on quarterly reportYes, I have tracked this for a year.Many Cdn O&G investors flip around a core position.
I called it CPG also down day of reporting and positive next day when flippers got out
Baytex the same day after report down and back up after penny flippers and board distorters gone.
I imagine if you count the posts by the board distorters the day after it is most likely high with many "newcomers"
That always happens and will again happen for Q3
riski wrote: Just like CPG the day before, the sell the news penny flippers leave a lot of value on the table as they all jump out of the reporting company to buy into a different company that hasn't reported yet in hopes of catching a wave. Once again, holding wins. Traders always lose in the long run.