Big trade just came in. Over 86,000 shares traded in first
Big trade just came in. Over 86,000 shares traded in first hour.
There are several possibilities here:
1) Some shorts are covering in case there is an announcement next week at or after the conference'
2) Someone is building a long position (not mutually exclusive with #1)
3) Someone is pushing the stock upward with malign intent (see discussion below)
#3 is what happened last time the stock went above 1. It was pumped by some of the (supposedly former) bashers. Then, it was taken down again, and those same pumpers became bashers again.
I see two possibilities if the "pumping" scenario is in action. They may be wanting the same old playbook -- take it up, short it, push the stock down.
OR -- based on posts I saw last week on lieHUB -- perhaps they have done that trick so many times that now they're changing it. They've trained some people to trade out of their shares at certain levels (which they post at lieHUB) -- but at some point, some people will trade out, and then the stock will keep going up and those "smart" people won't be able to get back in at those levels.
Is this the time that the Pavlovian conditioning -- "sell your stock at this level" -- turns out to be a huge mistake?
Don't be a sucker. I myself am not selling a single share.
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