How to Handle a No News Run-Up
Yesterday, BNOX, a position we were holding in our MCO portfolio, surged late-day and after hours by over 100%. It went as high as $0.66 USD on unbelievable share volume. As many as 13.7M shares had moved last I checked. I sold my position, and and we are calling an exit to our on-paper MCO portfolio position at $0.59 USD.
These type of no news run-ups a…
Keep reading with a 7-day free trial
Subscribe to Microcap Opportunities to keep reading this post and get 7 days of free access to the full post archives.