Recently, I have made a discovery on a catalist stock, which was one of the top 5 actively traded stocks last Friday- it is both a penny stock and a catalist. I am no speculator but it is interesting observing ,especially when this counter is getting oversold. Having a friend who plays pennies while I am on the contrary a long-term investor, he is a better guide at such trading practice.
He claimed that from the looks of it, there is still no bottom despite hitting its all-time lows. If its current price is its support, a rebound is going to make a trader profit handsomely in a matter of days. This is indeed a very risky play for a good piece of meat but who can be ascertain if there is really any meat?
The image speaks for itself and I believe speculators will be eyeing QT closely. If ......