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Re: laser777 post# 65453

Sunday, 06/26/2016 7:11:02 PM

Sunday, June 26, 2016 7:11:02 PM

Post# of 698624
Laser777,

That is the typical MO for this type of stock that has been pressed down for accumulation and short covering to occur right before a dramatic price rise. Institutions have been accumulating and now the rebalancing has allowed those who have been accumulating and those who have covered to play into each other's hands. Institutions will still have these shares along with the shares recently given back by retail traders. This now allows for strong price movement in either direction created by those who have the money or those who have the shares depending on what news comes first. Best wishes.
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