Richkid was wondering if it is worth staying up all night for.
Well, stocks like this one make it worth it.
I'd like to say I got it at $2 ish....I didn't....but someone did!!!
A six bagger for someone :)
Cheers
stefan
18th-November-2004, 07:55 AM
Wayne,
Almost reminds me of the good old tech boom where stocks went mad just because somebody said so. There was a small 22 cents stock that run all the way to more than $70 within a few days just because they had an interest in China and somebody thought that would be all that's needed for a glorious future. I can't remember the ticker symbol and the year it was but that was by far the best I've seen.
NASDAQ sure holds the odd surprise and I found it very fascinating watching level 2 screens changing quicker than the average eye can cope.
Oh, well... Getting all nostalgic here :)
Happy trading
Stefan
tech/a
18th-November-2004, 01:20 PM
Now thats exciting and could have been found and traded easily with breakout searches,from around $4
stefan
18th-November-2004, 02:13 PM
Now thats exciting and could have been found and traded easily with breakout searches,from around $4I agree. Another question would be when you would have sold on its way up to $70. It's a shame I don't have that ticker symbol anymore. Maybe I start looking in my papers if I can find it. Would be well worth posting a chart to discuss it's pattern.
Happy trading
Stefan
stefan
18th-November-2004, 03:01 PM
Tech,
I'm not sure if time has played a trick on my memory as I was sure it was a 20 cents stock before the rise. Anyway, i did a quick search on Nasdaq and one particular stock I do remember is CHRB China Ressources Development. In 1999 almost exactly 5 years ago it went from $3.9 on the 16/11 to $49 the next day only to finish back at $17 the next day. It actually went from 8.75 to 49 and back to 25 in one day. That's what I call a run. You'd have to be VERY quick with breakout alerts to catch a fish like this one.
I'm sure the other stock I mentioned is out there too, I just couldn't find it so far as I just can't remember the ticker.
Here's an extract of the trading history for these 3 days: (Too lazy to create a chart...)
Almost reminds me of the good old tech boom where stocks went mad just because somebody said so. There was a small 22 cents stock that run all the way to more than $70 within a few days just because they had an interest in China and somebody thought that would be all that's needed for a glorious future. I can't remember the ticker symbol and the year it was but that was by far the best I've seen.
NASDAQ sure holds the odd surprise and I found it very fascinating watching level 2 screens changing quicker than the average eye can cope.
Oh, well... Getting all nostalgic here :)
Happy trading
Stefan
It's the China faze.... Honestly, it is not always successful doing business in China although there is a huge market there...
