For some weeks now RILY gives many signals each and every day. Anybody know the reason? I haven't traded it yet but it looks interesting.
But what was the genesis effect that started this snowballing? I did a quick research and it seems the firm was investigated or questioned by the SEC when a client of the firm was tied to the failing of a hedge fund, or a credit, or something that: https://finance.yahoo.com/news/sec-probes-b-riley-deals-022433936.html "SEC probes B. Riley deals with client tied to failed hedge fund Bloomberg News, Updated January 22, 2024 [...]" From other news: Share statistics: Related news (about the tickers RILY, TSLA, AMC, and GOOS, LOVE): https://finance.yahoo.com/news/3-short-squeeze-stocks-could-120755224.html " 3 Short-Squeeze Stocks That Could Make Your February Unforgettable [...] "
When I opened this thread today at 11:12 a.m.(EST), RILY was up 5.90%. Right now it's up 10.90%, ie. rose another 5%
Whom are you calling so? Watch your mouth, SOB What do you mean by $45? That's more than twice the current stock price. FYI: this is the options forum, not the stocks forum. Options have other characteristics than stocks. You seem to have no clue of the current massive opportunities with RILY options, hence the many signals for days and weeks... Your last posting in this options forum was last year Jul 18, ie. you seem not to be an active options trader, much less an options analyst. With RILY that's going on: https://en.wikipedia.org/wiki/Short_squeeze
There was only one signal a few months ago, and that was for you to short it. Since Nov 2023, there has been a significant increase in volume. But it doesn't appear to be manipulated (or the manipulators don't have enough $$$$). So those signals tend to fail. Manipulated stocks are easy to trade.