100% increase in PPS from last earnings report, a less than 15% correction right before earnings with a run like that means nothing. Smart money will protect their profits and be ready to reinvest once a good earnings report is issued.
For instance, I closed my 3000 shares out at roughly 2.87 after getting in at 1.64. The stock surprised me and took another leg up, but it was right to collect profits when I did.
I now own 60 calls on WPRT with a max risk of $900 in anticipation of earnings. If I'm wrong I lose a few hundred rather than all my gains from the previous run.
Less than 15% drop after a 100% run MEANS NOTHING!!!!
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