With that, I asked a slobbering flipper why he bought shares the afternoon before cancellation was to take place. His answer was CLASSIC: "The chart looked good to him," and that's all he went on.
The next morning that stock never opened for trading. He lost 100% almost instantly!!!!!!!!!!!!!!!!!
Why might the chart "look good" immediately before-cancellation? Can't say for sure, but I'm guessing a shorter waited to the last second to buy back in.
Hence, a pretty dramatic uptick before the Big Poof Sound! And then total silence. That could well happen with Sears near the end.
Market Data 
Markets 
AI
