Thread Tools Search this Thread Display Modes
Old 11-05-2016,
alufejuli alufejuli is offline
Join Date: Aug 2014
Posts: 0
Default What is going on with this stock? mdbx

mdbm bid is at 1.50 and the ask is 3.50 vol 0 what does it usuly mean when a stocks bid and ask are so far apart and the vol is at 0 also how did it go from 3.25 and then on sep 4th to trading at 0.029 and then right back up? Im new to trading just trying to figur out some things I have seen similar things on other stocks.
Reply With Quote
Old 11-06-2016,
amopabila amopabila is offline
Join Date: Jun 2014
Location: Papua New Guinea
Posts: 0
Send a message via ICQ to amopabila

When there are no shares traded, the bid and ask prices will drift far apart. Only if there are lots of people bidding for the stock will the bid and ask prices come closer to converging.

The bottom line is stay away from stuff like this. There is no rhyme or reason to any price movement. All you can do is lose money. Don't trade penny stock. Every. It's a rigged game, and you are the loser.
Reply With Quote
Old 11-07-2016,
Andresavaig Andresavaig is offline
Join Date: Oct 2016
Posts: 0

I thought John gave some good advice. On September 21 when the poster posted, MDBX was at $3.00, within 7 days it was at $2.00 for a 33% loss on the week.
Reply With Quote
Old 11-07-2016,
AndrewGek AndrewGek is offline
Join Date: Oct 2014
Posts: 0

Yes the stock did skyrocket later and yes he could have made a fortune, but he could just have easily lost it all. Take a look at Nov 15 when the stock was $200. The next day it closed at $20 for a 90% loss in one day. John was right, no rhyme or reason.
Reply With Quote
Old 11-08-2016,
admin admin is offline
Join Date: Feb 2005
Posts: 584

So one must ask themselves.. am I willing to risk it all it for big gains? Or do I want a safe investment?

If you bought between Nov 14 and Nov 26 you now need the stock to go up 300% to 1000% just to break even. So not all trades in this stock have been a great investment (so far).
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT. The time now is .

Copyright © 2005 All rights reserved.
Maintained by SiliconicPro