Polar Power Inc (POLA)

[Nikodemos]

DESPITE their OBVIOUS attempts at loading the ASK (we saw quite a bit of that over the past month if you recall), in an effort to induce selling & DRIVE the price DOWN below the Moving Averages,... they weren't successful.

And the price is rising...

If one consults a chart they'll find the strong GREEN upside volume days have been followed by tiny volume mini-retraces (by comparison).

There's over a million dollar SHORT position here...& their risk is growing with each passing day & climb in price to the upside. The market has been moving AGAINST them! And there's no good reason to believe it shouldn't correct back to initial IPO-prices as circumstances continue to improve (slowly but surely)...

In fact, on May 18th they made a STRONG ATTEMPT at ACCELERATING the selling pressure from a HIGHER PERCH as the stock ran on NEAR TERM RECORD DAILY VOLUME (~160,000) up to $6.85...& if you look at the subsequent days, you'll find the volume is measly (@ 20k & fewer) thereafter,... as they tried THEIR BEST to induce selling that JUST DID NOT HAPPEN...

I suspect they'll try to put up MORE ASK blocks & keep "threatening" the B.P. to induce more S.P. but....with an ADV of ~25k, covering ~50k/mo could EASILY put a $3.00 "upside premium" on the stock...& if POLA makes ANY important announcements in the coming quarter, it could be EVEN BETTER for those invested,...(& FAR WORSE for those ~180,000+ short the stock).

Buys advancing sells by a LARGE 3:1 MARGIN
https://ih.advfn.com/stock-market/NASDAQ/polar-power-inc-POLA/trades


$POLA