Polar Power Inc (POLA)

[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.