It is cheap like a pennystock SGR
It's market cap is far too large to consider as a pennystock
Infact it is a LARGE CAP stock lol
But perhaps you are right on it all
So far we can see SGR is up nearly 5%, on thinning volume. What's so wrong about my above thesis?
They have taken it up higher, on lower volumes. Clearly liquidity grab as the depths keep being propped to get folks to chase it up and then feel the bid get hit
You don't create the worst technical chart pattern only to push the price up higher. These guys WANT to add more shorts and it doesnt make sense when price is near 52 wk lows, it makes sense when they push the price up on the thinning volumes as suggested. SO thats why I see their game and took a scalp trade long. I do know the risks though will be reversing this trade by thursday
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