Investing

Official Penny Stock Day Trade / Short Term

  • Last Updated:
  • Dec 8th, 2021 10:52 pm
Deal Fanatic
Nov 26, 2008
6825 posts
4829 upvotes
Not a bad practice to secure profits. I almost sold at $29.50 and wish I had.

But the price is still above yesterday's open. Which was a gap up of $4 from Friday. The sky is not falling at the moment.
Last edited by tietherope on Apr 27th, 2021 10:45 am, edited 1 time in total.
Banned
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May 15, 2016
7020 posts
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Like I said. The stock is $10 couple day ago. There better be huge news or going to hurt.
Deal Fanatic
Nov 26, 2008
6825 posts
4829 upvotes
vivibaby wrote: Like I said. The stock is $10 couple day ago. There better be huge news or going to hurt.
That avoids all the reasons it was at $10 though. You can't just pick that as the "proper" price.
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May 15, 2016
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tietherope wrote: That avoids all the reasons it was at $10 though. You can't just pick that as the "proper" price.
It's not $10 no more because of what people expect to come this week. If expectation not meet, don't it go back to that?
Deal Expert
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Mar 1, 2008
15547 posts
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Toronto, Ontario
NIO went from $36 to $42 in 5 days. Earnings Thursday.
I spend too much time on this site
Deal Addict
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Sep 20, 2004
4397 posts
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vivibaby wrote: It's not $10 no more because of what people expect to come this week. If expectation not meet, don't it go back to that?
No, you need to do more DD into this stock.
.
Deal Guru
Jun 26, 2011
14159 posts
4128 upvotes
GTA
Wpgguy86 wrote: Etherium!!
And here I was trying to buy the other day on Coinbase but didn't bother because of the $375 limit.
Sr. Member
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Aug 8, 2011
551 posts
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Toronto
Wildfire wrote: No, you need to do more DD into this stock.
Agreed with Wildfire here... the market doesn't work like that. Yes if the earnings call is disappointing it will go down but who knows how much. Do your research and stick to your vision. Ignore the noise.
BigTRBL

Spend money to save money...the theory is brilliant.
Jr. Member
Nov 28, 2019
182 posts
218 upvotes
This run on MVIS has very very little to do with upcoming earnings. WSB loves YOLO's and hates Jim Kramer. They aren't really married to any stock except GME and a lot are probably pulling profits to cover other losses or put back into GME. MVIS goes up and MVIS goes down. There really isn't much reasoning behind it and you either believe or you don't. Until the sample news or the buyout there isn't anything to justify the reasoning behind a run like this so it may very well go back down but I don't think 10 is happening anytime soon with the attention and volume it has right now. I do think a close under $20 is a possibility.... or maybe $30. It's MVIS, who knows, lol.
Deal Fanatic
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Feb 27, 2015
5693 posts
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Toronto, ON
No love for VMC.v today, even with news.

Volume is so low, that sink bids get filled.

I expect this to go back below $7 unfortunately.

No idea why management didn't hire MM.
[OP]
Deal Fanatic
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Sep 21, 2007
9101 posts
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Winnipeg
Oh vivi.. yes it has nothing to do with the entire EV market going down.. Sleepy Face

I'm still holding.
"An essential aspect of creativity is not being afraid to fail." -- Edward Land
Deal Addict
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Dec 17, 2008
1826 posts
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Ontario
JRGUINNESS wrote: No love for VMC.v today, even with news.

Volume is so low, that sink bids get filled.

I expect this to go back below $7 unfortunately.

No idea why management didn't hire MM.
As expected, with the 3:1 split it has lower volume with wilder price swings.
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Feb 27, 2015
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shoppingkart wrote: As expected, with the 3:1 split it has lower volume with wilder price swings.
I love the wild price swings.

But they are useless, because you can't even trade the swings.
Deal Addict
Jan 6, 2006
2690 posts
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I want to get back in mvis so bad but recently stocks usually has multi day reds.
Deal Addict
Mar 12, 2011
1405 posts
884 upvotes
JRGUINNESS wrote: No love for VMC.v today, even with news.

Volume is so low, that sink bids get filled.

I expect this to go back below $7 unfortunately.

No idea why management didn't hire MM.
Bought in at 7.20. Should I sell and take a small loss?
Jr. Member
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Feb 26, 2015
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It seems likely MVIS will hop around for the rest of today,
A ride up with excitement at the end of today, another dip tomorrow morning?

But be mindful they announce Q1 results April 29th.
And I've read that date was moved forward from an original, which logically suggests positive news.
That is likely to factor into people's interest by tomorrow afternoon.
Deal Fanatic
Nov 26, 2008
6825 posts
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Phreman wrote: It seems likely MVIS will hop around for the rest of today,
A ride up with excitement at the end of today, another dip tomorrow morning?

But be mindful they announce Q1 results April 29th.
And I've read that date was moved forward from an original, which logically suggests positive news.
That is likely to factor into people's interest by tomorrow afternoon.
Just to add to this, it was moved a week earlier from the expected date, not a planned date moved forward. Still suggests positive news.
Deal Addict
Nov 14, 2006
2987 posts
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GTA
tietherope wrote: Just to add to this, it was moved a week earlier from the expected date, not a planned date moved forward. Still suggests positive news.
If its like anything else, will dump on news regardless if good or bad lol

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