It went from .80 to $1.20 on a decent reception to the ASM presentation and relief that the expected drop from being removed from the Russell indexes didn't happen.
It went from $1.20 to $2.60 on excitement over the Telcordia news.
It pulled back to $2 on update from Yves on 8/1 with mixed reviews.
It moved back up to test the $2.60 level as the 'crowd' pumped the new stuff from Yves and especially Blum and longs/traders that got it lower started to believe more.
It surged to upper $3s after breaking through the prior $2.60 on algorithm trading, chart traders jumping in, and longs believing their own rosy scenarios more, and hopes that someone was taking a large position.
It pulled back to $3 along with reducing volume as reality has started to settle in on the high level of uncertainties, though hopes remain high. Nobody filed a form 4 or 13D or 13G in the time frame required - providing further evidence that the chart surge had nothing to do with someone taking a large position.
NOW, we are on the outer edge of the Stage 2 timeframe (only 3-6 months) for the company(s) we were told were in Stage 2 back in March and nothing has been announced re a move into Stage 3, adding uncertainty to the question of how many companies are in Stage 2 and the likelihood that they move into Stage 3. As time progresses people may begin to ask WHY a company decides not to move into stage 3.
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