Piedmont DHC-8
FUK ALPA & USAirways Mgt
- Joined
- Nov 30, 2001
- Posts
- 34
gla stock
I would say the reason the stock jumped 100 percent in one day is because some poor sucker bought about 10,000 or more shares for pretty much nothing and the price jumped that much because of the amount of shares. Just remember this about wall street, it all speculative. i.e (devils and angels sitting on your shoulder, hairs on the back of your neck, gut feelings etc.) I have seen some pretty crappy stocks jump 100 percent in a day only to be followed by the company filing chapter 11 or better yet chapter 7 and the stock become worthless in a day. The reason the stock is trading below a dollar is because the company is pure and simply a crappy company.
I would say the reason the stock jumped 100 percent in one day is because some poor sucker bought about 10,000 or more shares for pretty much nothing and the price jumped that much because of the amount of shares. Just remember this about wall street, it all speculative. i.e (devils and angels sitting on your shoulder, hairs on the back of your neck, gut feelings etc.) I have seen some pretty crappy stocks jump 100 percent in a day only to be followed by the company filing chapter 11 or better yet chapter 7 and the stock become worthless in a day. The reason the stock is trading below a dollar is because the company is pure and simply a crappy company.