Replies to post #1571 on SGOCO Group, Ltd. (SGOC)

[lumpina]

Me again. Correct me if I'm wrong because I'm not an expert at day trading.

It seems to me that after the earnings report, there are those (insiders? traders?) who expect this stock to go up higher in the coming weeks. As a result, they push the price up every day in order to tease people who are down $$$ to sell (like me) so they can buy those shares at a presumably low price (future wise).

Is this a plausible idea? Because if this is NOT the case, the stock would have gone back down to the low $1 after the report as it did in the past.

[wickerman]

the stock seems to be building a new base around $2.20

imo shorts still in this aren't in for the quick scalp, they think it's going back to $1 and could get ripped on another squeeze