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Highpower International, Inc. Message Board

  • gregprc gregprc May 21, 2014 8:45 PM Flag

    What caused the big drop at the end of the day today?

    Any reasons?

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    • No reason. There was probably just a large investor who wanted to short at the end of the day. I see a continuation for tomorrow with a target price of around $5/share by mid June.

      • 1 Reply to ecamp564
      • The shorts play this game all the time every day on many stocks to give a false impression and paint the tape down at the end of the day. You have to watch level 2 to see it with the inter mkt swaps, not real normal trades. Phantom trades. You have to pay attention to where the vast majority of shares were traded for the day. If 300k were traded in a higher range and 10k was traded at the end of the day to take it down then you whould know the mm game is in play. THe gap down at the end of the day is to prevent momentum for the following day to the up side.

        The shorts will do what ever they can to prevent that momentum. With a high of 3.75 yesterday on higher volume that was at the close it "should" push towards 4.00 or better today and a sustained move to the mid to upper 4s short term. The drive to 5.05 is in the works in the next trading days before the end of the month. Should good news come and demnad is high this low float can move this very fast in one session and a squeeze will push this much higher.

 
HPJ
1.86-0.03(-1.57%)Jun 24 2:45 PMEDT