Not profitable just yet but on the right path here. Spikes are more likely with lower floats, under 10M is best. A stock needs a catalyst to move, but price action is king. If you look at the PM action, it peaked at 1.40 and then came down. It looks like it had a lot of volume PM ( I wasn't around), and when stocks trade that much PM it seems that the chart is still good. That being said, it looks like the move was over before the open and the only bullish play would be to wait for support to ho

for support to hold and the trend to reverse

@DapperDude That's exactly what I was thinking at the time: "This is a ton of PM volume, and the chances of it spiking at open are very good. PLUS there is a great catalyst. heck- its also a former runner. I dont know what went wrong with it. No bad news came out later as far as I know of.

@KShim Let me rephrase. I meant the chart being good as in you can rely on the chart as if the market were open. The premarket chart already showed the move being over. In this case I would have little hope for a mornings spike, maybe more like a morning bounce.