I actually bought in towards the middle of the spike from $1.90 to $2.85. I got freaked out and got out too soon as soon as I saw the price go down. This was a morning spiker that I noticed on % gainers but I was not sure how far it would go up. I should stick to my 60% rule with these penny stocks. It wasn't even a p/m spiker so I think it still had room to run. I should hold much longer next time.