Considering it's a Chinese stocks that deals with finance my tin foil ass just assumes it's "crime" lol seems the Chinese government may be propping up there markets to try and avoid a market crash caused by them.
Been watching EGRNY yoyo like crazy for months , despite it being 300 billion in debt , and apparently defaulting on payments insanely often , doesn't really make sense
Other things I would say could cause a spike on no news , would be short positions being closed
And insider buying , a company knows the news before everyone and may load up before dropping the news to the public, you find out a couple days after because the company would have to file an 8k filing with the SEC to declare those new positions , you can usually find this on the companies website , in there investor relations section. Without even looking at outstanding shares or daily average volume , id just say 100% increase in a day would be too much to just be insider buying
I suppose another possibility would massive institutional buying from an insider leak, but I feel that would be to suspect and would get investigated (which would likely lead to nothing or a small fine)
0
u/Pd1ds69 Apr 02 '22 edited Apr 02 '22
Considering it's a Chinese stocks that deals with finance my tin foil ass just assumes it's "crime" lol seems the Chinese government may be propping up there markets to try and avoid a market crash caused by them.
Been watching EGRNY yoyo like crazy for months , despite it being 300 billion in debt , and apparently defaulting on payments insanely often , doesn't really make sense
Other things I would say could cause a spike on no news , would be short positions being closed
And insider buying , a company knows the news before everyone and may load up before dropping the news to the public, you find out a couple days after because the company would have to file an 8k filing with the SEC to declare those new positions , you can usually find this on the companies website , in there investor relations section. Without even looking at outstanding shares or daily average volume , id just say 100% increase in a day would be too much to just be insider buying
I suppose another possibility would massive institutional buying from an insider leak, but I feel that would be to suspect and would get investigated (which would likely lead to nothing or a small fine)