Polar Power Inc (POLA)

[ClayTrader]

* * $POLA Video Chart 08-26-2020 * *

Link to Video - click here to watch the technical chart video

[jonsmile]

No carlos slim lol better yet warren buffet

[Biggeoff]

Think Carl Icahn might be loading up here

[jonsmile]

Sub dollar coming here in a week glad I sold months back near 5 bucks

[wadirum1]

The only reason it is still at this level is that there's a lot of manipulative wash trading going on. POLA does not normally trade 200K shares -- much less the many millions it traded that one glorious day.

[jonsmile]

Wow back to a buck and a half

[jonsmile]

The power play is over this one is done till next pump

[wadirum1]

No reason whatsoever why POLA wouldn't hit new lows. CEO Sams will eventually decide that he needs to sell the company to a larger enterprise that has the scale to really bring Sam's dreams to fruition. Until then, this will be a story of a tremendous product, a massive addressable market, and a puny order book. Or, Sams doesn't need to sell the whole thing -- maybe co-brand one of the products. But do something other than just bang his head into the same wall day after day. I admire his grit, but I realized a long time ago that POLA was going to need a whole lot more than that.

[jonsmile]

Comes lower

[wadirum1]

So, POLA volume continues to be way above trend. And now it is getting back down to where it was before the shares got issued and before the massive volume started up.

Wash trading here. Huge manipulation.

Caveat emptor.

[wadirum1]

So the shares POLA issued at a bit over $2 are now being flipped by the original recipients for whatever they can get over that price. Ouch.

And meanwhile the shenanigans with the high trade volumes continue.

And lost in all of this is the fact that POLA really needed the money, because the orders never came in as they hoped, and then COVID hit.

I feel so lucky we had that crazy day when the price spiked so I could get out! What a GREAT product. And yet CEO Sams just never wanted to face up to the problems holding POLA back.

And if anyone was hoping POLA was about to sell/merge with a larger company to get some scale, well we can kiss that idea goodbye. A company doing that wouldn't be selling shares.

Wadi

[weldman]

A up and coming star shining bright.. POLA

[seventhcircle]

Pola looking good today

[seventhcircle]

True true

[wadirum1]

Be careful. POLA needed that money for a reason. And the funder only paid $2 and a bit (and POLA had to throw in half a warrant as well). And this is some very strange trading, what with the volume often being many multiples of the float.

[seventhcircle]

Pola running again

[wadirum1]

POLA trading its entire float again today. WTF?

[wadirum1]

POLA is still trading at volumes that exceed the entire float by a wide margin.

Wash trading?

Shorting ahead of the PIPE?

Shorting during the pump?

Be careful with this one. The price is out of whack with the fundamentals, unless there is some news you know that the rest of us don't.

Wadi

[seventhcircle]

Pola tiny float running!

[stoxjock]

Loaded up on POLA now. Let the next Pump begin and I am holding all till it hits at least $10.00 or maybe even more IF some Breaking news comes of any partnership with the EV companies...POLA to the MOON...

[cjstocksup]

You are correct that is why I said to take profits the other day.

[wadirum1]

Did you see that POLA has issued stock in a private placement?

So, would I be wrong to suspect some manipulation to jack up the price so that someone could short at a higher price in advance of getting these shares at a cheaper price? Some promotion, combined with a couple hundred million in wash trading? Jack the price up and then short, knowing the price they could cover at?

Naw -- nobody would do anything like that...

[mov1es]

If you want to see a Robinhood chart that is very interesting check out TTOO. They had news yesterday on their Covid test becoming available on their machines used for other pathogens. Early stages of a great story. Stock not popping yet.

[wadirum1]

Sorry about that.

Still, I do think it is worth a look...

[tc2000chartreader]

Yes, the green line is the # of Robinhood users that own the stock that day.

[stoxjock]

Sorry, I was looking at the Greenline for DAIO ticker.. On POLA the GReen line is sort of flat before Nov 2019..

[stoxjock]

Thanks for your reply.. Is the Green line indicating Robinhood Users? IF so, it is showing that a lot more Robinhood traders were holding this in 2018 when it wasn't such a big platform, so somehow I don't believe that the Green Line is showing *Only* Robinhood traders...

[wadirum1]

If you want to get in on one of these on the ground floor, this one is just starting to trend up:

https://www.robintrack.net/symbol/DAIO

[wadirum1]

They just have really good generators. And they are so small that they haven't been able to bring costs down or to market effectively, so they are really in trouble. The CEO controls the stock. He is not getting any older. He will probably sell in the next 3 years, but by then it could be too late if they cannot return to profitability.

The price surge was all about something other than POLA's fundamentals.

[tc2000chartreader]

No there is no way to show they are truly robinhood traders, however look at the link. You will see the green line of the # of robinhood traders that are in POLA at the end of the day each day. They increase significantly. They same thing happened on VXRT. Look at what has happened to their stock and check out the significant robinhood traders in it. They make runs. I don't have a link, however I have heard they have a message board somewhere that they coordinate what stock to go into next. Just like Hertz, Chesapeake Oil, Whiting Oil, etc.
https://www.robintrack.net/symbol/VXRT

[wadirum1]

There were some folks on Twitter with big followings who posted about POLA on Monday. They had probably been the ones buying in advance of the promotion.

Then on Tuesday (yesterday) they tweeted and the stock went crazy, because there just aren't that many shares that are for sale under, say, $5. Certainly not more than maybe 2M shares.

So, the price started rising.

But I'm sure there are others who see these pumps and who short into them.

And there are probably others who look at the available share count and then look at the volume and realize that many tens of millions of shares have been shorted into the pump. And seeing that, they jump in on the long side to squeeze.

Okay, this is just a theory. But how else can 150M shares trade when only 2M are actually trading. Maybe very high volume wash trading? Wash trading is illegal and the amount of trades yesterday totalled something like $600M!!! Would somebody really do that?

I dunno. I guess I am thinking that there were some big players involved in a fairly major backstreet brawl over this yesterday, with people short and people long to an extent that was really unprecedented for lowly little POLA.

If I am correct, this will take a while to sort out. But I don't think the general direction will be up.

[stoxjock]

Do they have any products that would store a High Charge (DC Power) from Solar Power conversion on INdustrial scale? I am thinking, IF they have any 'Leadership products' in that segment, they could be a a Very Strategic Partner to NKLA & SHLL... Probably something is happening on that front...

[stoxjock]

How do you know these are Robinhood traders? asking seriously, Is there anything on Robintrack that identifies Robinhood traders? TIA

[tc2000chartreader]

It is the daytrading of Robinhood traders. Expect this to continue for several days. I expect another spike up.
https://www.robintrack.net/symbol/POLA

[stoxjock]

In at 3.28..this thing is too Volatile..this is not Retail...

[wadirum1]

There are about 2M or 3M shares of POLA that were in play yesterday.

And yet the volume was 50X that number or more.

Also, there are no options for POLA.

So, what happened? My best guess is that somebody sold some shares that they didn't own and when that imbalance got too severe, some buyers stepped in to squeeze the living daylights out of them. Now the buying pressure has subsided as the pump crowd moved on, and things are starting to return to normal.

Even today we have more shares traded than there are available to trade.

There was NO fundamental reason for yesterday's move. If there had been, say, a buyout offer at $5 or $7, we'd be seeing more buying today. And we might have seen some news after the close. But we are seeing neither of these.

This was just a spectacular event that bailed a lot of us out of a losing position in a stock that has a world-class product, but insufficient funds to keep losing money the way they have been and certainly no money to be expanding advertising and distribution.

I don't think I would buy back even if I could get my shares back for $1.

[stoxjock]

Thanks for your reply.. I understand the low Float but the Volume doesn't look like just Retail Pump & Dump..Some Hedge Fund seems to have loaded up yesterday...Maybe they shorted into yesterday's close.. they play it both ways but they could be still holding a big core position..

[mov1es]

Low float pump and dump and several other reasons noted in comments yesterday. None actual business related. Would wait until settles to close to last weeks price.

[stoxjock]

Any news on this POLA pop? Planning to buy here but trying to find the reason fo rthe Pop..TIA & GLTU!

[Golden Cross]

That was huge...out...looking for re-entry $POLA

[doebop]

Good call, I traded it 3.50-$4 20k block!

[golfndude]

Congratulations

[BooDog]

You called it well for sure! Congrats!

[cjstocksup]

I disagree I don't think anyone knows what happened today. We will see. I took profits because I have a busy day tomorrow. Could go either way. It was easy to call the run over $5.00 though even when people were selling below $2.30.

Crazy move. I'm sure everyone took profits. Our team is thinking an offering is coming, be stupid not to with this action.

[BooDog]

Crazy move. I'm sure everyone took profits. Our team is thinking an offering is coming, be stupid not to with this action.

[ClayTrader]

* * $POLA Video Chart 06-30-2020 * *

Link to Video - click here to watch the technical chart video

[cjstocksup]

And POLA did break the $4.00 and $5.00 I predicted earlier today. So sweet. Congrats everyone.

[10stars]

ANY 100%+ trade is an awesome trade! Crazy volume today.

[familymatters]

Thank you!

[cjstocksup]

I am pretty much out. This AM was crazy up and down but I knew the low float etc. so I held through it all. I felt a over $4.00 to $5.00 run was coming and it happened. Not sure how tight you can put stop loss orders on a low float she can turn up on you fast and I have no idea what group or traders are running POLA so I took my profits.