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SGOCO Group (SGOC) Goes Nuts on a Rumor

April 12, 2012 3:19 PM EDT Send to a Friend
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SGOCO Group (Nasdaq: SGOC) is up an insane 228 percent today on vague rumors of a deal with Samsung.

While momentum traders are carrying the name today, shorts are licking their chops as the rumor likely has no merit. However, with a small float, shorting can be tricky.

Volume is nearly 2 million shares today, versus a normal day of 9K.




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Momentum Movers, Rumors, Trader Talk

Comments

NUTS
lol on 2012-04-12 18:54:50
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That is absolutely nutty!!!!


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