Need advice cover brothers

I bought CTIC (Cell Therapeutics) back in March for .11  I have recently watched it close anywhere between .30 and .40  Today it closed at 1.27....WOW.   Not sure what to do....They have earnings report in a few days.  Any advice?

Thanks guys.

It traded at 1.54 after hours.

I would keep a tight stop on it, meaning you sell it if it breaches a level and let it keep running.

Stock is breaking out with HUGE volume, they are trading the hell out of it. Just pick that price where you BAIL and dont look back.

I would not let it go to the 1 buck range, I would put that stop in at like 1.10 or something because if they break the buck then a TON of stops will get triggered and it will go much lower.

How much did you get on it?

wallstreetcappers, Should I put in a stop or stop limit of 1.10?  I am not sure what the difference is.

I don't have much in it.  I used to trade penny stocks for fun but was never good at it.  A few guys at work are into stocks and I decided to start back up.

I bought $500 in CTIC and $500 in SIRI.  Funny thing is, all the guys at work are telling me to sell sell sell.  I dunno, what do you think wall?  Can it ever get back to where it was before???  Or even 3 or 4 dollars? 

Thanks for your help! 

Keep in mind that "get back to where it was before" that the company did a reverse stock split in 2008, so that is relative to that stock split.

A STOP order is a two part order...there is the TRIGGER that starts the order, then the second part is how the execution is done..as follows-

a STOP order would be

Sell stop 5000 shares CTIC at 1.10

Then if the stock trades at 1.10, the STOP is triggered and it becomes a MARKET order, meaning at current price..which can mean that the stock is caving and your 1.10 stop is on the way down and the market order guarantees no price but that you get out..so the stock could be nosediving through 1.10 and by the time your market order is done you are out at 1.00 or lower, it happens all the time. Stop orders trigger selling and it can knock a stock quickly.

A STOP LIMIT order is like this-

Stop 1.10 LIMIT 1.10.

This kind of order has the TRIGGER, the STOP and then once the trigger is set, the sell order becomes a sell LIMIT at whatever price you set..it can be LIMIT 1.10 or LIMIT 1.05 or LIMIT 1.08, whatever you set..

Now with a limit order you are not guaranteed an execution but you are guaranteed a price..

So say the stock is getting hammered or even gaps down from 1.40 to .90 cents..well on a stop order without a limit, your order is executed at market price and you are OUT..with a STOP LIMIT order the trigger goes, but the order is now a LIMIT order and you are not out.

Does that make sense?

Very clear now wallstreet thank you!  I am going to put in a stop order for 1.10 like you mentioned.  That way, I am guaranteed an out no matter what.  I would hate to hit the trigger then it tank all the way down w/ out my order getting filled for a sale. 

Wish me luck! 

wallstreet, I put in a stop order last night for 1.10 and it executed today.....all shares sold right at 1.10.    Thank you sir.  Time to move on to something else.  Maybe OCNF, DRYS, or VNDA.

Thanks again!!!

You might not thank me if it runs to 5 bucks..lol

Dont buy VNDA...and dont buy DRYS here.

Look around more and find a good entry on a good stock.

SIRI got knocked today, their sub numbers were terrible.

I know right?  J/K  Yeah SIRI fell off a bit today.  I hope CTIC drops in the next few weeks and then begins to climb.  May throw a few bucks at it again!