This stock is about to have laws passed or something, the short float is so immense all shorts are going to get crushed if not played correctly it will be gaining some volatility tomorrow and I'm predicting shares will be available for short within the next week or so. If you bought this today @ $10ish I'd be locking some profits in and hold to see how high it goes!
Pre-split this was around .07 to .12ish cents so now we are looking at about par with what it was trading at previously highs. We could prob see a short dip again to $30 but this company is still paying 2000~ employees based on what I know. There are going to be a lot of people looking at this now foolish, risk takers, and it is rumored to have a public offering, other rumors are bankruptcy risk and competition buyouts. Potential hostile takeover in the works? Oil prices may have an influence on this stock buying frenzy. I saw a big purchase fill lv 2 around 1200 shares @$39.50
I missed this play because of my account is still froze, I'll be on a cash basis soon so I'll be swing trading and that scares me after learning about taking losses quick.
If oil rebounds we have a other stocks like bk $FES $TMPL (subsidiary went bk) and $NOG (earnings today, drop bounce play) on my watchlist etc...
$ORIG is my big play if I can't take it someone should check this company out. May have some shady dealings with $DRYS
Its also just possible George Economou is going through personal/financial issues with his wife from what I can tell. Rumors http://www.tradewindsnews.com/weekly/354996/economou-takes-ex-wives-ships-off-ipo-table notice that date too lol. Got that fact check posted 8/4/2016
I bought into it, I really hope it skyrockets in the morning. I researched it's 52 week analysis and this stock has went from the $10's to the $400's per share.
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