The reason is very simple: Software programs are selling. This is why DGLY pops several dollars higher often (as it's about to do again right now... trading at $12.36 now!).
I wrote to Seeking Alpha and I told them they'd be wrong again.
They gave me some stupid reason why ZERO would be going much much higher.
There's always some dumb logic as to why things are finally getting better.
Just like NBG at $2.10 I told everyone to sell but they all loaded-up thinking it was at some sort of a bottom.
I guess they thought the NBG bad news could not get any worse.
I'll say it ahead of time this time...
TOLD YOU SO!
Just do the DD.
I just took a large call options position (the $28.50 calls at bottom).
Wish me well?
Big-pop higher, in the early trading hours, Thursday for TSLA.
The problem is that there are way too many MM's on Wallstreet who are scammers.
It's against the law for them to sell short and to not cover their short positions in the same session but they do it anyways and nobody is there to stop them from this scam.
The purpose for allowing them to sell short is not to make a killing but rather to keep an orderly market. So they use this loop-hole to make a killing rather than to keep an orderly market (in which they should have covered about 2 million shares that they sold short in the morning.
But I guess the scammers will keep on scamming if the SEC does nothing about it.
I still like DGLY as my top-pick for 2015.
If we're lucky someone will show my post to the scammers and they'll get the clue and we'll be up an easy $2-$4 on Wednesday.
With 1 hour & 42 minutes of trading to go, and under 4 million shares already traded.
Taking "some profits off the table" is for people who do not know the stock market.
It's "let your winners run".
Sell your losers, etc.
Cramer: Did you say: "Take some profits off the table".
It sounds real smart now doesn't it?
I'm telling you it's only for those who know not investing.
Or, I guess it's fine for loser retail investors, the ones who lose the biggest (and it helps out the MM's along the way too).
I'll tell you why this happened again after the fact.
I told you all to dump NBG at $2. and to buy DGLY at $11.
But who ever listens, huh?
A line on 75 people waiting to get served at 11:15 AM.
This was yesterday.
$45.00 per share soon and sellers in the deep-fryer.
Rest assured that there's about to be a VEE bottom and that DGLY will close at the high of the day today.
The big volume is only from some market makers who are obligated be law to sell short.
They will begin to cover their 3 million shares short towards the last hour or two of trading,
thus my educated prediction above.
It will simply be a several months long "short covering rally".
There are around a billion+ shares short here.
This is because penny stock market-makers are allowed to sell an unlimited number of shares.
They get badly burned at times but they don't care because they always make a fortune in the big scheme of things.
My posts are my opinions and do not reflect the opinions of YAHOO! Incorporated.
You guys know absolutely NOTHING about "bull-markets" now, do you?
$1100.00 is not a joke for AutoZone shares.
When AZO hits my price target you nay Sayers will be no where to be found!
Happens every time.
You'll soon be saying... "Gee, you were absolutely right about DGLY going higher. How do you know so much?"
The answer? Because I'm a professional trader and you're a professional loser!
Over $30.00 soon.