What's your reasoning to explain the almost 60% increase today?
The only reason investors would buy a stock at a seemingly inflated price would be the hope for profit and the only information we have are the financials. Financials did not drive PPS when released so there is no reason to believe they had anything to do with the latest activity and drastic PPS increases we experienced today. Current information is just not enough to drive the stock to this high a level in just one day.
Activity today points to buying by a select few that have the information we do not. Just the small amount of volume we saw today skyrocketed the PPS, and it would make sense that those interested parties are hoping that PPS will fall back down, as always happens when a stock spikes with no supporting news, so as to buy in again at lower levels.
Everyone sees how just a little volume will spike this stock to enormous levels. When such news is made public it will be all over for those who are not in already! Unless you have a better reason to share, there is no doubting that something HUGE is going on here and it is very positive!!!
This post is my personal opinion. I do not provide investment advice.
