• Australian (ASX) Stock Market Forum

Biggest % gain in 1 day

Discussion in 'ASX Stock Chat' started by AussieBoy, Feb 9, 2011.

  1. AussieBoy

    AussieBoy Active Member

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    Hey, I'm Nick and I'm new to these forums.

    Just a general question I wanted to ask you guys (as I'm still an amateur in stock trading). I was just curious to know if anyone is aware of the largest % gains by a stock in one day. Not so long ago, Horseshoe Metals (HOR) went up 193% in one day. I was wondering if you could give me a list of other stocks (that you can remember of) that spiked a lot in price in a single trading day. Have there been stocks that have gone up more than Horseshoe Metals has?

    Thanks
     
  2. tech/a

    tech/a No Ordinary Duck!

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    Over the years Ive been trading Ive seen many (17 yrs).
    I can run a scan and have a look but would say 20 or so a year over 100%.
    Ive caught 4 or so in 17 yrs.
    The trick is to get on them BEFORE they rise (normally a take over bid)

    There are literally 100s that rise 30-50% in a single day over a year I get a lot more of these.
     
  3. burglar

    burglar Well-Known Member

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    minotaur 1000%

    Mt Woods Copper project aka Prominent Hill
     
  4. AussieBoy

    AussieBoy Active Member

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    Thanks.

    But, regarding the 'get on them before they rise' part, is it possible to do so if you are NOT an insider?

    And also, from your experience, what is it that normally causes these types of stocks to rise by so much (%) in a day?
     
  5. burglar

    burglar Well-Known Member

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    They're generally known as movers and shakers!
     
  6. matty77

    matty77 Well-Known Member

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  7. KurwaJegoMac

    KurwaJegoMac Well-Known Member

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    The insiders start buying before the big rise. This information is shown on the charts using price and volume analysis. At a basic level, check out any stock that has an announcement and shoots up a lot in one day - you'll notice the stock has been ramping up for a few days/weeks before hand.
     
  8. KurwaJegoMac

    KurwaJegoMac Well-Known Member

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  9. AussieBoy

    AussieBoy Active Member

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    Thanks for your advice. Yeah, that stock on Bloomberg is pretty insane. In the history of all major stock exchanges around the world, I would be extremely surprised if there was another stock that had gone up 18,800% in one day.

    I mean, as I mentioned earlier, Horseshoe Metals shot up a lot. Does that take of % rise occur regularly on the ASX, or is it more like a once every 3 months sort of occurence? Is that 193% increase miniscule compared to the % spikes of other stocks on the ASX in the past?
     
  10. tech/a

    tech/a No Ordinary Duck!

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    The 100% + very difficult.
    These are generally take over bids or after a stock has halted and re opened.

    I wish it was that easy---so does everyone else.

    The 30% + are easier and you can see them if you know what to look for and have the right software.
    While you wont know a 100% you will have an indication that something is brewing.

    It takes many years to hone skills.
    Be prepeared to be wrong more often that your right.
    Cut those that are wrong quickly and those that are right as soon as weakness appears---Another subject!
     
  11. KurwaJegoMac

    KurwaJegoMac Well-Known Member

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    Quite right and I agree 100%. It's extremely hard to tell beforehand - most of the time it's just jumping on a stock that has had a breakout or is supported with appropriate volume and thinking it will just go up for a bit before being pleasantly surprised when a halt comes out and the stock shoots up.

    I've personally traded about 70 separate stocks in the last year and a half and only two of those experienced large 30%+ increases as a result of a takeover/announcement. In both those cases I wasn't specifically looking for those types of stocks. They were just good buys from a TA and risk perspective which just happened to have a really positive announcement that blew the top off the SP. Pure luck regarding the announcements.
     
  12. Liar's Poker

    Liar's Poker Well-Known Member

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    Interesting question.

    I feel compelled to post the following:

    There is no easy way to get rich. But just incase you do find some magical way, take great caution as in your next move, you will more than likely find out how easy it is to become poor once again.

    Finding the stocks you are talking about takes time and requires great patients.

    I've picked a few that have raised large percentages in a day and some that has managed over 100% in the weeks that follow. The majority of these stocks would have been sitting in my portfolio for over a year, doing very little.

    -Liar-
     
  13. Market Depth

    Market Depth Well-Known Member

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    You can still make a million or more, JUST BY HITTING SINGLES! As tech points out, you can hit a 'Homerun' but they are rare, and you'll 'Strike Out' more often.
     
  14. Julia

    Julia In Memoriam

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    What a refreshing piece of honesty. Such contrast to the claims of going from nothing to owning multiple houses and a multi million stock p/f in ten years.
     
  15. stock nub

    stock nub Well-Known Member

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    Biggest ASX gain i've seen is FMS/ Flinders mines or what use to be called flinders diamonds. It went up 1000% and traded over 1.5 billion shares in a day.

    They announced that the land they didnt sell to fortescue could have 1 billion tonnes of high grade iron ore on it. Before this they sold land to fortescue for pittance and fortescue then went and discovered billions of dollars worth of iron ore on it. Talk about getting a s#$%@ deal.

    The price jumped from .09 to over 10 cents or .1 something.

    Good ride if you hopped on early
     
  16. burglar

    burglar Well-Known Member

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    Hardly a s#$%@ deal.
    In return, FMG gave the diamond rights on their tenements to Flinders Diamonds.
     
  17. skc

    skc Well-Known Member

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    It looked like that share was a shell company and got a takeover / backdoor listing offer of sorts (I think).
     
  18. matty77

    matty77 Well-Known Member

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    how does that stock on bloomberg NOT get a speeding ticket????:confused:
     
  19. AussieBoy

    AussieBoy Active Member

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    What exactly do you look for (from your experience, since you said you've nailed numerous stocks in the 30-50% increase range)?
     
  20. TheUnknown

    TheUnknown Well-Known Member

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    Question, has anyone ever made 100k in a single day?
     
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