SGOCO Group (SGOC) Goes Nuts on a Rumor
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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.
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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