Hope Chumpster got our in time ! Looks like BIG is happening ! News of big deal, china settlement, KD taking private, etc.
So, AMSC is UP 11% and it looks like it will hit DOUBLE VOLUME before lunch is over. The VOLUME is CONFIRMATION that this move is not a fluke.........
I guess the possibilities include:
1. AMSC has reached positive cash flow (triggering the CEO's bonus) and McGahn was spotted test driving Maybachs this weekend.
2. Kevin Douglas doubling down (his slogan must be, "Get the Forbes Top 10 or Go Broke Trying."
3. Awful earnings leaked to a big holder who is trying to produce a feeding frenzy with early morning buys so he can get out in the afternoon.
Regardless of the outcome, you can be sure that the SEC couldn't care less.
And anyone who has been short since the 30s is probably pretty philosophical about any gains from this level.
Sounds like those shorts will close their philisophical positions today! ( there's much less of those shorts today :))
Sentiment: Strong Buy