Wall street traders will periodicly gang up and run a stock up as much as they can , NTAP used to be one of their favorites ....they'll load up on shrs and put enough buying pressure and uptick on it that they can ram 10k shares thru over and over and sell for 1 1/2 to 2 pts higher , and at the EOD they sell all making $.5 to $1mil or so.
Once other day traders see the action they join in , adding to the pressure , then the dump near the EOD .
I call them panty raids ...they do this on boring to flat days , in up-markets , where they have to generate their own action and single out already known momo stocks shorts are nervous in. There will be alot of these in coming weeks , so you can join in the fun , and also short them later on.