The sharp spike to 13 at the end of the day Friday was due, IMHO, to potential buyers hanging back to try to get the best price and then feeling a lot of pressure at the end of the day because it was an upcoming weekend.
They were wanting to buy before the announcement of the date of the CC and many decided to just pay a higher price rather than risk the CC coming over the weekend.
USually such announcements are made either before the market opens or after the close. So if it hasn't come before the market opens Monday, those wanting to buy with steadier nerves will probably feel relatively safe so long as they get in before the market close.
IF this guess is correct (and it is ONLY a guess!) then it will probably open Monday below Friday.s close (but higher that Friday's open and creep upward during the day (but possibly even a tad down if a few who bought at 13 panic at seeing it trading lower) Near the end of the day there will almost certainly be another spike up, probably above 13 and then a similar pattern until the announcement finally hits. ALL SPECULATION!
Such "panic buying" is generally a reliable sign that there is considerable upward pressure on the price.
What should be kept in mind, IMHO is, that should the CC be considered a disappointment by many with exaggerated expectations, the price could even drop afterwards. (In which case I would buy more whenever the drop appeared to have stabilized. Price drops due to disappointment of exaggerated expectations are often prime buying opportunities)
BOTTOM LINE: it is very possible that the price levels immediately following the CC may not reflect the true value (either way) Take it all with a grain of salt.
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