HSX Forum
Playing & Trading Strategy
I’m curious why BATGR, which will delist at $0 in five days, would be UP 117% today on high volume. Who is buying it, and why?
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MovesLikeWater
Jul 24, 09:47
maybe people covering their shorts since it's so low already?...maybe people playing a negative port longing it?
tealfan
Jul 24, 10:02
So weird. In the last 18 hours it's up 175%. 12m shares traded--so ~80 traders decided to max long a dead deadlist.
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MovesLikeWater
Jul 24, 17:54
Why do you assume long is the only trade here?
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ndmaster
Jul 24, 20:10
Interesting question. I figured existing shorts would just wait a few days for the sure $0 delist--hard to imagine better ROI elsewhere.
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MovesLikeWater
Jul 24, 21:06
Yeah, it had a huge move down the last couple days. People taking profits, covering shorts, most likely.
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ndmaster
Jul 24, 20:10
NOPE. COVERING SHORTS without RE-SHORTING would be Downright STOOPID. A Zillion COVER & RE-SHORTS won't Jack-Be-Nimble the M/S Price.
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THE_ROTO
Jul 24, 22:50
That's kind of what I thought...
MovesLikeWater
Jul 25, 10:19
I was just stating what was likely happening, not a strategy.
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ndmaster
Jul 25, 18:01