New to Pennies: Explaining Spikes? (ASNB)
Hi, folks!
New to this game. Full disclosure: I'm playing with small amounts of money, realizing buy/sell fees will bite me badly if the stocks with which I'm playing around don't totally rock.
Amateur foolishness, I know -- please let me learn my lesson.
http://onlinetradersforum.com/styles...foro/clear.pngThat said, I'm trying to wrap my head around things -- like this spike today from ASNB:
http://onlinetradersforum.com/attach...ike-png.13734/(I know I'm not using pro charts like you guys are. Sorry.)
Anyway, what's with this? The spike shows a climb from like $0.07 to $1.00! That price, however, isn't reflected in the day high or 52-week high....
This makes me wonder: did the stock ever legitimately trade at $1.00? Do you think anyone was actually was lucky enough to have bought at $0.07 , then turn around and sell at $1.00?
Looks like a bad print in the system. The day high was .0999 like it states.