The stock had dropped 20 cents the day before, and was being taken down all week, in part due to shorts for sure, but also, until financing is done, it's not done, so the fact that they easily did first part and oversubscribed, speaks volumes to the market. It says the market is happy to get in at that price and it says they are happy to support the growth they see.
It tells the shorts their run is over and time to cover. Shorts are just as happy to make money buying back more than they sold to cover, but also to create momentum to the upside and take it higher than people would expect.
I don't believe that the share price will reflect accurately the true value for some time. The market will focus on the growth, and social media, and how well the 20th goes. Skype at over 8 billion in value is twice as much as it's worth but Microsoft is looking down the road.
So try and imagine what all the moving parts are worth, or more importantly, what could they be worth for INT. If the growth continues at a steady rate, not even at a mind numbing rate, what is the value of all those hits.
One billion market cap would give you over three bucks, and the market cap could easily be five to ten times that if they can keep this snowball moving.
The market will pay up in anticipation for what could be, and I think that is why we saw $3.35 so quickly. Add the volume of both the Venture and Alpha and it is staggering how many shares change hands.
Long answer to a short question, but fridays action was a bounce. If it was flat for days on end, and then popped up 30%, I would agree that it was a little much, but this could be a very explosive week. I for one will not be out of the shares this week.
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