clearly looks to me like someone had "Buy Market" orders in if
the stock traded over the old high of $1.25. The minute
it hit above that orders were triggered and it took off on the
"market" orders. That's why you should use limit orders on
small price small traded stocks. As the "market" orders were
filled it settle back down.
rtnb
Posted by clearstream on 18th of Dec 2014 at 02:49 pm
clearly looks to me like someone had "Buy Market" orders in if the stock traded over the old high of $1.25. The minute it hit above that orders were triggered and it took off on the "market" orders. That's why you should use limit orders on small price small traded stocks. As the "market" orders were filled it settle back down.
Well stated and good advice
Posted by steve on 18th of Dec 2014 at 03:10 pm
Well stated and good advice clearstream..do NOT chase.