Polar Power Inc (POLA)

[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.