It all comes down to looking for hints of what the industry wants to do with the stock and can you make $ off knowing that.
Will they naked short it?
I've seen stocks that were cheap taking big volume get stopped in their tracks after the industry decided to short it.
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$HOOK
Has a moderate float of 22 million.
Has never traded this kind of volume before.
Have to see what effect that news has on the shares.
Right now it's up 42%.
Would of been nice If I could of gotten this in advance. haha. I guess you have to watch the trading action
