Traded 2700 Lots of Spackman at 0.042 and 0.043. The stock was in Top Volume and the chart is near bottom. It's a pretty risky trade considering that this is an ultra penny stock. I will look to sell very fast should it move up a little bit more. Spackman released a news today which I think could be the reason why it's in the Top Volume with some movements.
Spackman Entertainment Group
Spackman Entertainment Group said on Friday that Terius Behind Me, the group’s launch into drama production and its first co-produced drama show, led viewership ratings on its 27 September premiere in South Korea.
Spackman Entertainment Group interim CEO and executive director Richard Lee purchased 113,900 of the company’s shares on Thursday for a consideration of S$4,669.90, raising his holding to a 0.013 percent direct stake from no holdings previously.
In a separate filing on Friday, it said Na Kyoungwon, executive director and chief financial officer of the company, last week acquired 26,800 shares in the company for S$1,125.60, for a direct interest of 0.003 percent, up from zero previously. In a separate transaction, Na Kyoungwon acquired 500,000 shares for S$20,500 on Friday, raising the direct interest to 0.059 percent, it said.
Let's see how much and how far more it can run..
Ronald K - Market Psychologist - A Stock Market Opportunist
