Jim..lol you must be reading my mind.
I got into GEMM at a nice level and was looking at DGM and asking the same question.
Buddy, all I can do is guess. I certainly don't have the definitive answer, so here goes.
GEMM has shown it's strength even without this very good press release. We've seen how high it can go and logic would say it should push many times past prior month's levels. It seems like this is the first leg up. : )
DGM is reacting like ITGJ early today. On both I have to say, give it time. The news and fundementals are there, period. I contend MM's had a short position in both DGM and ITGJ (which they are certainly allowed to have), then it may take a cycle until the true market buying pressure takes over. They may be strong arming the B/A to close their positions before this occurs. I define the trading cycle for DGM and ITGJ to end as early as 3:00 to 3:30 today or possibly tomorrow. Some cycles last until the next relevant pr, but in these cases the news is simply too strong, so some recovery or a run could be expected well before the next pr for both.
All in my opinion but with no dilution in DGM and ITGJ, no other explanation makes market sense with respect to valuation or supply and demand of shares based on today's news for both companies.
Bo
