Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Believe it or not, a heavy short interest and the words "online gambling" can fuel a big rally...

  • Friday, March 15, 1:04 PM ET
    Believe it or not, a heavy short interest and the words "online gambling" can fuel a big rally in a small-cap stock. Glu Mobile (GLUU +11.5%) is soaring today on volume that's already over 3x its daily average, and is now up 34% since it announced plans to launch a mobile slot game in partnership with U.K. online gambling firm Probability. 23.1% of the float was shorted as of Feb. 28.
Track new comments on this story

This news story has 6 comments:

  •  
    Well I bought 300 shares this morning around 9:30 on a downtick so I'm feeling pretty good about this... up over 10% in 4 hours. Whooooo
    Whooo !!!
    15 Mar, 01:18 PM Reply Like
  •  
    Finally.
    15 Mar, 01:48 PM Reply Like
  •  
    Alot of movement...Im moving in another 1000.
    15 Mar, 03:14 PM Reply Like
  •  
    Pleased to be "back to even"...got it at $3.25 a while back. Now wont someone please take this thing out for $8-$10
    15 Mar, 07:24 PM Reply Like
  •  
    GLUU is going higher .

    THE QUILL
    15 Mar, 08:43 PM Reply Like
  •  
    It will be interesting to see if their presentation at the ROTH conference this Monday causes another spike OR will it be a case of sell on news? Anyway, I'm a believer after buying in on Thursday morning (just 10,000 shares but I wish it was more).
    17 Mar, 04:36 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)

TECH ETFs IN FOCUS

Latest Tech Articles
More Latest Articles »