LINU Can someone explain how a stock can move like LINU
has: That being, a 100%+ spike intraday on huge volume at least
three times since August, followed by an inevitable decline on
almost no volume,...reversing nearly 100% of that gain each time?
Just curious how/why a stock would trade like this. Was
in it for the 2nd spike and got lucky and out with 100% gain, but
am just intellectually curious about the trading pattern. Is
it manipulated in some way? Understand huge spikes due to
20-30 times avg volume, but why does the stock give it all back on
almost non-existent volume over the ensuing weeks?
LINU Can someone explain
Posted by RichieD on 2nd of Jan 2018 at 03:36 pm
LINU Can someone explain how a stock can move like LINU has: That being, a 100%+ spike intraday on huge volume at least three times since August, followed by an inevitable decline on almost no volume,...reversing nearly 100% of that gain each time? Just curious how/why a stock would trade like this. Was in it for the 2nd spike and got lucky and out with 100% gain, but am just intellectually curious about the trading pattern. Is it manipulated in some way? Understand huge spikes due to 20-30 times avg volume, but why does the stock give it all back on almost non-existent volume over the ensuing weeks?
Without knowing for sure -
Posted by sbaxman111 on 2nd of Jan 2018 at 04:18 pm
Without knowing for sure - Sounds like classic "pump and dump" activity