Sunday, June 30, 2013 6:06:32 PM
I don't believe this is a spike. Granted, there will be pullbacks and profit taking along the way, but I think this is the start of substantive profit and growth coming to a head. The market can't help but realize it now. The huge jump in revenue is now peripherally projected. I believe we stop trading like a pink sheet, and start trading like a big board; ie. when investors look 5-6 months ahead and trade accordingly.
This is also one of the last chances the MMs will have to cover any short position they have. With that, I expect some games to be played. Not sure at what level yet, but I expect them.
I'd recommend this article in digging deeper into my speculation on that note:
http://shockertrades.blogspot.com/2011/05/market-maker-speaks-out-ways-of-market.html
In the end, many will call the beginning of July "the beginning of the run", imo.
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