Polar Power Inc (POLA)

[southacresdave]

If you look at the individual trades that have gone through today:

https://www.nasdaq.com/symbol/pola/time-sales

A lot of them are duplicates. I.e. a market maker's computer buys/sells to itself for slight pennies difference or partial penny. They are trying to find a spot where others will come in and buy or sell. Since they can't find buyers, they make it so the price fades slightly (hitting bid with 100 share trades) trying to find an area where someone will come in.

Right now POLA has no new buyers and existing shareholders are sitting on the sidelines. As the price slides, people worry (appropriately so) and sell some off. It feeds itself. The way it's broken is a solid buyer comes in and take enough at the ask that they trend is changed the other way. They will need news of some kind on international front to do that imo.