Its got to be market makers covering their short positions driving this recent push. The stock is definitely on the reg sho threshold list, so the MMs would have to be forced to cover their shorts sometime.
I think the MMs probably tried to hold out as long as they could and now they are screwed and are getting forced to cover. The sky could really be the limit as they cover because if the people actually holding the stock arent selling the buy ins could keep pushing it up.
Let's have a poll. Which do you think will happen to Maxlife first:
A. They are investigated for securities fraud. B. They are investigated for insurance fraud. C. Their stock price collapses and they eventually go bankrupt without the SEC ever batting an eyelash. D. They eventually buy GEICO off of Warren Buffett. E. Their stock price hits $1000 and they buy Berkshire Hathaway and AIG on the same day.
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