SBI - 436% Up Today

Discussion in 'Stocks & Derivatives' started by miniroo, Aug 17, 2016.

  1. miniroo

    miniroo Well-Known Member Silver Stacker

    Joined:
    Jun 21, 2012
    Messages:
    1,042
    Likes Received:
    84
    Trophy Points:
    48
    Location:
    Victoria
    I bought 1 million shares in SBI yesterday, jumped up a bit today hey?

    Nah just kidding, but how does a stock go up so much? must be someone playing around
     
    miniroo, Aug 17, 2016
    #1
  2. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,935
    Likes Received:
    1,297
    Trophy Points:
    113
    Location:
    Australia
    That's what can happen to sub 1 cent "penny" stocks, they are stupidly volatile like that, both up and down.
    You'll never ever see that happen to a $10 share.
     
    SilverDJ, Aug 17, 2016
    #2
  3. scrooged

    scrooged New Member

    Joined:
    May 6, 2014
    Messages:
    1,153
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Melbs
    You'd rarely see 436% in penny stocks in a day also.
     
    scrooged, Aug 17, 2016
    #3
  4. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,935
    Likes Received:
    1,297
    Trophy Points:
    113
    Location:
    Australia
    But it does happen, a few hundred % isn't that uncommon. 400% might usually raise eyebrows and they might get a "please explain" request.
     
    SilverDJ, Aug 17, 2016
    #4
  5. scrooged

    scrooged New Member

    Joined:
    May 6, 2014
    Messages:
    1,153
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Melbs

    400% is fairly uncommon.
     
    scrooged, Aug 17, 2016
    #5
  6. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

    Joined:
    Jun 18, 2012
    Messages:
    4,656
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    NSW
    It isn't given that there was only 3 trades to the value of $3,500

    I've driven a stock inter-day 100% to be the biggest gainer on the ASX halfway through a session on a $1,000 investment
     
    Caput Lupinum, Aug 17, 2016
    #6
  7. trew

    trew Active Member Silver Stacker

    Joined:
    Aug 24, 2011
    Messages:
    3,653
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Melbern
    someone bought at 4.5c but the highest bidder is 1c

    either the buyer knows something the market doesn't or someone is attempting to ramp the price up
     
    trew, Aug 17, 2016
    #7
  8. wrcmad

    wrcmad Well-Known Member Silver Stacker

    Joined:
    Jan 2, 2012
    Messages:
    6,644
    Likes Received:
    1,502
    Trophy Points:
    113
    Location:
    Northern NSW
    :lol: Oh, you front-runner money-for-nothing JPM wannabe! :lol:
    Can you do it to silver tomorrow ..... please. :D
     
    wrcmad, Aug 17, 2016
    #8
  9. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,935
    Likes Received:
    1,297
    Trophy Points:
    113
    Location:
    Australia
    NO!
    Make it plummet for a few hours so we can buy :D
     
    SilverDJ, Aug 18, 2016
    #9
  10. miniroo

    miniroo Well-Known Member Silver Stacker

    Joined:
    Jun 21, 2012
    Messages:
    1,042
    Likes Received:
    84
    Trophy Points:
    48
    Location:
    Victoria
    where you living in a cave at the start of the year?
    why anyone is buying silver today is beyond me, was under $20 for ages, a year maybe, if you didn't buy then your just repeating history,
    buy it up to peak and lose your pants, silver is done and dusted, it's all about selling now, if you think we will see $45+ silver again your delusional.
     
    miniroo, Aug 18, 2016
    #10
  11. scrooged

    scrooged New Member

    Joined:
    May 6, 2014
    Messages:
    1,153
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Melbs
    That's a big call.
     
    scrooged, Aug 18, 2016
    #11

Share This Page