I'm thinking short squeeze ....given the 2 million+shares that were naked shorted this week anticipating plenty of PLS stock coming on the market thereby helping in pushing GMM down....
Short squeeze is a real threat right now. There was only one seller in GMM yesterday and you need 2 or 3 for real selling. This guy is an amateur.
Both PLS and GMM have been shorted but I reckon there is not much relative stock in each to buy it back....and Much less available in GMM.
- GG
GMM Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held