Follow the money. Whoever put about $5 million into this the last few days didn't do it just so the stuck longs could bail and leave them holding the bag. I noticed that the bid moved up to .0064? after the close... that rarely happens unless it's headed back up. I think we just had a royal shake today. Very few were selling compared to the past few days because there was so much confidence the sp was just going higher. They had to shake that confidence to bring in some sellers. I expect we'll at least hold most of the gains... probably stay above the .005 level. The money says we will go higher, just not when.
Whether we go higher near term will depend solely on how much time there is until whatever the driving force behind the recent action becomes public, and the nature of that force. If it's a buyout, the sp will continue to climb to close to the buyout price level, whatever that may be. If it's a huge order out of China or wherever, the sp will run until the momo exhausts itself and the speculation dies.
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