I saw it, too. It was definitely an AH Form-T trade, but for it to be above the intraday high and not around the closing price is certainly interesting. I doubt it has anything to do with Game Stop's news, but sure would love to see a surprise piece of news that sends us higher than that trade.
It just seems unlikely that someone would actually pay that price unless there were news coming, since that's the reason for Form-T trades to exist.
I've certainly mentioned countless times that I thought it would take an AH, pre-market, or weekend announcement to firmly push this stock out of its range.
As always, we'll know in the fullness of time.
Sentiment: Strong Buy
Billions moved from Pimco to new Bill Gross firm. Bill Gross is on the record of being short on stocks. Add Stevies hedge fund and we could be in trouble.
Sentiment: Strong Buy
After you sold, TVIX finally shot up where you could've made your money back.
You have a knack for being on the wrong side of trading...
Hey akfarnorth. Thought I would mention another stock that I have been watching. I'm not saying it is a BUY, but the largest institutional holders did add shares in the July - Sept time period at a pps higher than where it is now. Volume has been high the past couple days. I have no idea where it goes from here, but may be worth keeping on the radar. Could be one last pop before going under. Who knows? There are a limited number of companies mining palladium so there could be some value here or a takeover. Anyone's guess. Happy trading everyone!
The short interest data have come out for the December 31 settlement date. Recent short interest data show that investors seem to be growing more optimistic on this industry as a whole, as short interest is dropping for the most part. It is important to note that semiconductor trends are considered to be leading indicators of technology and broader electronics demand.
I will spare you the agony of watching this stock for now. Since a solid short position still exists, there is the possibility it could drop a little more even though it is near it's 12 month low. This is one that will keep you up a night so I am doing you a favor. There should be plenty of time to take a decent position and I will certainly let you know when this stock should be considered. I am down on it right now and wouldn't want to cause anyone here a loss by mentioning it right now. Happy trading everyone!
Thanks. I have a couple other stocks that are hard to predict so appreciate your insight on this one. This one is clearly an investment for me. No trading. I have a couple other companies that I am watching closely. One had a 7.5% drop in the total short position with short covering making up 15% of the total volume between 12/16 and 12/31. Looks promising to me. Will let you all know if a break out starts. LOL... Happy trading everyone!
Max, you were about 18 hours early on your call...I still give you a thumbs up!!
Thanks for your comments!
ST - you are relatively new here, welcome. This stock has very little predictability, I recommend investing opposed to trading. What should happen and what will happen are generally two very different things with this stock.
Yes, I wish that I had found this one a little sooner. Oh well, can't find them all at the right time. I am done with the one who has no class. His posts have been marked although I probably won't bother referring to them again. Happy trading everyone!