Tuesday, May 31, 2016 4:09:51 PM
Before considering insider training, IMO what happened was: investors and traders who were on the sidelines jumped in for power hour to be sure they don't miss after hours today and pre-market tomorrow, in case news comes out.
They jumped in as they saw a solid base form ALL day today in the low-mid 2.40s. So the upside was very high, and very little risk. This is the first time in May I see this stock not being extremely volatile nor trading sideways or stair-stepping down. It really was a good day for the stock.
All that above and then as the first wave of buyers came in and moved the price, more and more jumped in to be part of the action.
If we don't get a PR with substance tomorrow than I believe we will just retrace to 2.55-2.60 after a morning spike to 2.90s -- IMO... let's see whether I am right or not....
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