Aug. 2 at 2:34 AM
$YMAT Traded this twice already for two wins, one big one on the premarket move to 8 and grabbed under 4 today. Sold a few but holding the rest.
The tape doesn't lie. A little after open today, about 100k shares were slapped at the asks, that were largely stacked 4.30 to 4.50 range. No way that was retail buying. Doesn't necessarily indicate an imminent move, but strongly indicates insiders soaked up a good bit of it.
With a 1.25mm float, they can take it anywhere they want it. They can pump and dump it, or loan out the shares they soaked, so I tread lightly with these and always with stops.
Been a great trader so far.
