most people buy lottery tickets the day before the drawing.
Probably many figure the hearing date as the drawing. So, wouldn't be surprised either to see buying volume come up, and trading range move up, as it approaches, probably a bunch right before.
Actually the "drawing" as settlement could come any time. The hearing may or may not be a big deal.
I guess maybe pxd could also be waiting to see if they can derail the hearing or otherwise fair on the day, so maybe the thinking isn't necessarily totally off.
better to be holding some as not. imo
Also agree the pattern looks good. Certainly does appear to be basing. No way to tell how far the tail may extend horizontally though chart-wise, this looks to be a good buy level.
