Their biggest problem will be trying to locate real shares for any shares traded at these ridiculously low prices. Scammers shares are still available but when those are gone this will rocket on low volume as location will become a massive issue. The issue being value investors instead of traders. When value investors start piling in look out.
I don't think you're going to see 10000% increase in 1-day. You'll see a string of 20%-40% days over the course of a few weeks. Maybe this is the start of it...
I suspect profit taking by end of day. No immediate catalyst for this jump. The last two weeks had a lot of selling and suspect value shoppers were gobbling up those shares. Why wouldn’t they sell for a 20-25% premium? They’re not longs…. They’re investors looking to profit
I’d be a little surprised if this finished the day above $.60