lumpina
3 years ago
Great - if you sold high, then $$ came your way. BTW: I invested in this turkey off and on over the past 10 years and the price spike and drop have happened numerous times. That's why i'm avoiding it now. It doesn't appear that the company's financial justify that$20 price. But, as they say, timing the market is hard to do, but if you did, so much the better. GLTU
Up/DownTrader
3 years ago
The explanation is in the following (very recent) LINKS. Bottom line, SGOC was warned last May about getting booted from NASDAQ if it didn't catch-up with its grossly delinquent FILINGS. I, myself, had tossed it into my WATCH LIST the day BEFORE it skyrocketed, after it had appeared for a short period on Barchart's "HOT PENNY STOCKS" list; at least I THINK that was how it got into MY watch list. Bottom line, I TOO missed this one, but I DID see clearly that it was already UP by circa 200% early morning on 7-9-21 (Frid.). One thing I do know for sure, is that NONE of iHub's renowned penny pickers had detected it. If they HAD, they surely would have BOASTED about such right on THIS Board, & on "Momo's Breakout Boards", etc. Heck, this beast had hit circa 590% UP that day, with plenty of VOLUME for anyone to make a quick score.
https://www.fool.com/investing/2021/07/09/why-sgoco-group-stock-soared-over-500-today/
https://pulse2.com/sgoco-stock-increases-over-429-intraday-details/
https://www.equities.com/news/sgoco-group-ltd-sgoc-soared-279-4570-for-july-09
r clarke
3 years ago
Check your spam filter, I'm sure youre on the notification list! lol
This Reddit, Robinhood, FOMO, MOMO, twitter movement has
really become a scary thing.
... but it doesnt just affect the hedge fund billionaires, you have a lot of retail players paying huge prices for very questionable companies. They seem to think the nuttiness can be sustained forever?
"Holy crap what happened and why wasnβt I informed ? Lol man I bet there some happy folks here today and sad if they was shorting this stock!