Hedge fund play thing CTIB history- Jan.- Apr. pops:
$1.68- $2.40(+42%): Friday 8-Apr-05 1.72 2.40 1.68 1.90 532,600 1.90
$1.82- $2.53(+39%): Friday 11-Mar-05 1.96 2.53 1.82 2.00 426,400 2.00
$1.71- $2.76(+61%): Tuesday 1-Feb-05 1.95 2.76 1.71 1.80 400,000 1.80
(Maybe they couldn't wait for Friday)
$2.15- $2.87(+33%): Friday 7-Jan-05 2.15 2.87 2.15 2.48 243,200 2.48
Early in the month(100%), usually on a Friday(75%), usually 30-60% pop.
After the May hiatus due to the delisting problem, will the trend resume tomorrow? We shall see.
With the downside pretty small, the real question is if the upside/downside odds favor a bet in this situation.