Crystal Properties Holdings, Inc, stock ticker CPHG, was trading well over $.02 recently. It has since dropped below a penny on light volume and closed today at $.0064 a share. Even recent press from this company has been ignored as investors don't seem to notice when a stock is on sale.
In the fall CPHG was a 4-5 cent stock and saying the volume from that point on has been sparse would be an understatement. Traders have yet to catch on to this bargain stock, one that should see $.01 and beyond in the coming weeks.
One of the reasons this stock will head higher is because that is were it belongs. It was taken down in price on very low volume. When a stock falls on light volume it indicates a soft bid meaning no one is buying. This could drag a stock down 75% in short order, not because the stock belongs at that price, but because some investor liquidated their shares at whatever price the market was willing to pay. When there are no investors to support the bid, the price per share crumbles.
That is precisely what happened with CPHG. The recent decline is unwarranted and I expect a strong rebound to take this back in the $.015 - $.02 range where it belongs. Also let's not forget this is an active company and I would expect further press to help bolster the shares.
This company is in its fledgling stages as evidenced by its website: http://www.crystalhld.com/. The time to be buying these stocks is before they grow.
I am expecting further press and announcements that will increase the buying pressure on this stock and I believe it will head higher very quickly.
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