Im reading article after article to figure out why SUNE rose today soo high, given that its about to file bankruptcy protection. I think understanding this would help me learn a little more about the market. I honestly still dont have a clear understanding as of why did this stock move 80% from the open, but if i had a guess is it because of the shorts? The fact that the company is near bankruptcy means that the stock will be halted (im assuming, please correct me if im wrong) so are the shorts exiting their positions and thus pushing the price higher?? I would really appreciate some sort of explanation just so I can learn a little more of the market and how to predict these types of plays.
I saw this push today and totaly ignored it's existance. It is f'ed up. I doubt anyone knows what is going on. What I do know is a TON of people got theire heads handed to them since it went to +26% aftermarket. Stay away from crap like that even if the numbers look impressive. [In my novice humble opinion]
Oh, i will add this. The market cap is like 103.52M. Anytime you see crazy stuff happening with something under 2 billion cap it means someone is screwing with it... It is too easy to move stocks at that low cap rate.
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