In case there are new readers, here's a somewhat f
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Posted On: 07/23/2022 10:18:46 AM
In case there are new readers, here's a somewhat fuzzy review of the past share price spike:
A frothy run up occurred during a span of just a few trading days in June 2020. The highest close was above $8. There was never a close above $9 and never a close about $10. The day after the close in the 8's, the price rose in the (Eastern time zone) morning trading into the 9's, and for a short time before lunch, it was $10.01. Within 15 minutes or so, the price plunged on high volume back down to the 5's, with some back and forth bouncing in the afternoon. Very few people hold any shares purchased at $10.00 or $10.01.
If you're new, don't be surprised if the fuzzy parts of my post get amended or corrected with more precise details. That is a strength of this board.
A frothy run up occurred during a span of just a few trading days in June 2020. The highest close was above $8. There was never a close above $9 and never a close about $10. The day after the close in the 8's, the price rose in the (Eastern time zone) morning trading into the 9's, and for a short time before lunch, it was $10.01. Within 15 minutes or so, the price plunged on high volume back down to the 5's, with some back and forth bouncing in the afternoon. Very few people hold any shares purchased at $10.00 or $10.01.
If you're new, don't be surprised if the fuzzy parts of my post get amended or corrected with more precise details. That is a strength of this board.
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