I’m watching this one crazy stock from yesterday to see what it does.
It hit $55 a share when it peaked yesterday and I watched it drop all the way down to under $6 by the end of the day.
It opened at $4 a share a couple months ago and has been on a rampage ever since, but who knows if it isn’t done dropping yet as we wait for the opening bell. It could tank down to $2 a share today so I am just sitting back and watching the action without putting in a dime. My cooling technician told me about the stock when we were working on a mini split a/c system the other day. It was at about $10 a share then and he bought a few thousand shares of it and unloaded when it hit the $50 mark and walked away with a nice profit. The company is an HVAC business and it looks like people are jumping in and out to make a quick profit and the stock could go flat when people lose interest. I’ve tried these kinds of stocks before and lost a lot of money doing so, so now I will just sit back and watch the action without having to worry if I am going to lose a ton on it. My heating and cooling rep told me to just watch it today and not put anything in it because the thing could dive down to the dollar mark in the blink of an eye and I could lose all my money.