The trading (or lack thereof) is interesting to watch but you can't draw conclusions from any of it. A single person buying over 10,000 shares at once could make this sub-million share stock seem as if it's about to soar.
They don't need to buy based on news. They can buy (or sell, or short) for any reason. Most of the people who invest on gambling stocks invest largely on their hunches as much as anything else, I would think.
Anyway, on the recent Friday where it actually did make a huge jump, it may well have been a single investor causing the action, and if that said investor sold out of his position by mid-day the following Monday, perhaps that explains why trading has mostly stopped since... but that doesn't explain it either.
Ticker, alas, could pick up at any time. It could shoot up, or shoot down. It has to be one of the most easily manipulable stocks on the market right now. That long-term investors are trigger-shy makes sense. That short-term investors have more compelling risk/reward opportunities makes sense too (as this comes with the risk/certainty of a near-term financing, assuming buyout does not take place).
But to say that news (positive or negative) doesn't matter because the ticker did little these last few days is a conclusion you can't make IMO.
The length of this post is ridiculous, apologies to all for it. But I babbled too long to just cancel post.
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