we may get a last minute spike up today
$Troika Media(TRKA.US)$ looks like shorts are trying to cover everything they can right now
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intuitive Jackal_354OP : don't sell so we can get the price back up
FilthyCasual : I'm at a loss now on my buy back in. I was up 26%. went for a walk. come back to it being at .28
intuitive Jackal_354OP : it's going back up now
71498576 : this company sucks
小财神 : Don't you need to sleep
71537815 : They short sqoose me today
71498576 : they will play u again another day
intuitive Jackal_354OP 小财神: money come first
BobbyC1221 : They typically cover in the mornings. I mean,
Im not trying to sell you hopium but I saw a LOT of people get in this morning at .75-.90 for a few thousand shares. I would suspect they avg down significantly tomorrow. At this point, thats about all they can do to reduce losses.
Another factor is, institutions own 40-50% of the float. So, there’s that.
Plus, when did shorts ACTUALLY cover all their positions?
Basically, youre gonna have to hope some whales jump in to avg down quite a bit in the morning and let it spike a little here and there. So I would set some limit orders. If not, you can go long on it and hold until actual earnings. It IS a profitable company after-all. May not be a squeeze play anymore but still, fair value is well above 0.30c.
BobbyC1221 intuitive Jackal_354OP: The problem is. Anytime it jumps a few fractions of a penny, people start selling. So it goes right back down.
May as well hold until PM. That’s when the real action happens.
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