Short Squeeze Alert: IGPK
We are seeing the same type of trading patterns occuring on IGPK that we noticed with LOTE when Wilson Davis was caught short and suffered an enormous financial loss! LOTE went from .70 cents to $23 dollars! A similar trading pattern also occurred in LEXG which went from a few cents to around 11.65 a a share.
For anyone who has been watching the level 2 trading on IGPK they would have noticed some suspicious trading activity which could indicate a large short position from the market maker BMAK
On Tuesday May 6th the Level 2 trading screen BMAK showing low offer at 0.4 cents a share while the highest offer was at 0.7 cents and the bids were at 0.7 cents. BMAK still reflected a low offer of 0.4 cents a share while everyone traded around them.
Sometime during midday BMAK readjusted their price to .61 cents a share, and the same thing happened around them while everyone was trading around 65 cents a share.
We know that there was a big short position from Monday and Tuesday and according to the Regsho Finra website the amount was 1,540,184. Below is a screenshot reflecting the trading date of Tuesday the 6th of May. The far left number is the date, then the symbol, then the amount short, and the second to last number is the total shares traded which is 3,042,679
What it means is that BMAK could be short for the amount of 1,540,184 shares. We don't see anyone selling big blocks of 50k or 100k shares or more so we don't know where they are going to get their order filled ?! This type of situation could massively drive up the price.
We all know good Cannabis companies like IGPK are very attractive to investors now. They are especially known for their great momentum! So this could be a great opportunity to invest in the beginning of a major short squeeze!
This looks like the same type of trading patterns we witnessed right before LOTE and LEXG shot up to astronomical heights.
Investors who act now stand to make a fortune if IGPK goes over $10
These type of situations are very rare but those who act quickly have a lot of upside potential!
Τετάρτη, Μαΐου 07, 2014
Big Short Squeeze on For IGPK - Act Fast
Αναρτήθηκε από manolis theocharidis