U.S. Geothermal Inc. Message Board
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today open
looks like somebody dumped a sl at .26
Who did it?
More important - WHY?-
you get volutility like this a week of earnings report next week. but from what i see it was maybe a short dumping his stock trying to get some money back
Sentiment: Strong Buy
- 1 Reply to markkoshinski
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Shorts "borrow" and then sell stock to establish a short position. When they close out their position they buy to replace the shares they "borrowed."
So it was more likely someone borrowing and dumping a large amount of shares to establish their short position. That's fine with me. I'll buy up shares at 0.26 all day long. It also didn't have the intended effect to the price, which continues stability at 0.32-0.33.
Anyway, a huge short position just plays into the hands of longs right now, since the price is likely to rise and cause the shorts to buy shares in order to cover their position and not lose more money, leading to a "short squeeze" that accelerates the price rise even faster.Sentiment: Strong Buy
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Scottrade showed 3 trades of 10,000sh at the exact same time. Its possible that they took out a stop of 30.000sh.
- 1 Reply to calidris_alba
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I wish I could have bought 30k at that price...
Sentiment: Strong Buy
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