Whenever there's a precipitous rise in PPS, traders are going to jump in and out. Many people bought very recently in the .70’s & .80’s. People were buying yesterday in the .90’s!
(I saw a message on another board: "Buying FBC, I think it's a bank." :-))
It jumps to $1+, we have to expect them to take profit.
It has nothing to do with the fundamentals, of course. IMHO still a great buy at these levels.
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