The 10cent barrier for stocks going through a rerating

[Pommiegranite]

Hi all,

I was wondering whether any of you have any examples of stock smashing through the 10cent barrier through a rerating, never to return.

The reason I ask is that I have a stock which is looking very strong, and I believe is currently being rerated. I just want to see whether this 10c hurdle can pose any problems.

Any opinions?

 

[alphman]

What's the stock?

Have a look at KAL and RAU which recently smashed through 10c. Now sitting quite comfortably around 20c mark.

 

[kpas]

He is talking about CDS.

(From outstanding breakout thread).

 

[Pommiegranite]

What's the stock?

Have a look at KAL and RAU which recently smashed through 10c. Now sitting quite comfortably around 20c mark.

Thanks, but I recall that RAU came back to 8c before having another go.

KAL threatend to come back too until that killer announcement.

Yes, I am looking at CDS and the sell side has stacked already as soon as we passed 10c. I guess its traders wanting to cash in on 5% gains and keep it in that range.

 

[Synergy]

I just came here looking for info about this. I'm watching FML at the moment and wondering if the 10c range is just bad range to be trading. Reasonably strong breaks look to fail more often at this level compared to other price levels. Or is it just me?

 

[kpas]

CDS down to 8.9c again today.

Reminds me a lot of AAR --> AAR has gone through the 10c barrier so many times to return at a later date.