yep, that is why you can't trade this kind of stock. You are placing your stoplosses at exactly the point where I would put a buy order. Absolutely no point stopping yourself out at a point where you should be buying. The trick with low liquidity shares is to wait for this kind of low volume / wide spread action and pick up some more shares at the bottom end of the spread. this is your edge against institutions, you can do this, and get stock at a good 10% discount, while fund managers have to settle on the bid price and higher
My relationship with Calgro has been short and bumpy - kind of like a Vegas Chapel wedding - exciting at the time, but a disaster 2 days later. I've lost and the way the share is going, there is potential to lose much much more. good luck if you waiting this one out. Don't hold your breathe though.
Simon, while i generally respect your opinion, im gonna have to strongly disagree with you on this. Calgro was a potentially a good buy at R3.95 and the way thing are going its going to test those levels again soon.