$China Pharma(CPHI.US) +79%, $Sobr Safe(SOBR.US) +77%, $Kustom ENT(KUST.US) +30% — three US micro-cap stocks all went on a wild ride on the same day.
$China Pharma(CPHI.US) itself issued an announcement saying it didn't know why the stock rose, and the exchange even sent a letter of inquiry; $Sobr Safe(SOBR.US) relies on the imagination space from warrant exercise financing plus a backdoor merger; $Kustom ENT(KUST.US) is purely a music festival story being repeatedly hyped by day-trading capital.
Stocks with a market cap of less than $50 million can double in a day, but the flip side is they can be halved at any moment. For this kind of explosive surge with no fundamental support, how much of your position would you bet? I won't touch a single share myself, I'll just watch the show.
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