Set up like a bowling pin! Was on it early, u should hav seen lemmings swarm on Twitter in premarket with dreams of "free money" waiting for the open. It was classic P&D from the day before, where it pulled down to $10s (which i scalped long to)
Yep, what these hedgies did was load the basket off pullbacks to $10 yest knowing they could pop artificially in the premarket early today, PLUG had traded 3x's the volume of SPY by 7am at over 100k . Well not only pop/prop artificially, but they were counting on momo traders to jump in too, they'd gotten it to open up at whopping $11.50 from $10 close yest !
What happens in Bull Markets, but early on could see that same stall at the $11.75/60 area, and $1Bil market cap which you'd need a completely proven disruptive technology to sustain.
But almost BK and 15c to $12 in a year? What a play, but those hedgies from yest, then turned right around & shorted the cr@p out of it too. |
