imo, it was the pr euphoria from the company, something like "TECO Strikes Oil" and the buying frenzy that occurred and the mm having a ball filling the buy orders.
The pr,as i recall,quickly turned into a lot of 'false hope or fluff', given the dramatically dwindling amount of oil actually being pumped and the sellers falling all over each other to get out. Something like that ocurred, as i recall.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.