$MWC my
#1 pick to do good things sooner than later - it's totally off retail's radar, which imo should change with this afternoon's presentation. Usual algos are washing shares back and forth lately to flush out whatever dribs and drabs they can. Tiny float until lockup expiry in November, and even then major shareholders are corporate execs, Honda, Toyota, and ESRI Japan (whose stake isn't disclosed yet). Shorts are trapped and can't cover without spiking the price, institutional buyers were clearly behind the rise from the 1.30s to over $2 (coinciding with MWC's investor conference with hedge funds and whales in NYC), and all the algorithmic noise since then has been for nothing - institutional shorts such as GSCO are just setting money on fire in borrow interest. The minute a big buy sends this significantly over $2, it frees up mid-level hedge funds to buy (many have mandates forbidding sub-$2), then Regulation SHO Rule 204 may kick in forcing automated short covering. Tick tock.