This is typical. It has happened 3-4 times over the last 2 months. We get a big surge in volume and then nothing. I think that there is a large player who acquires in bunches, drives the price up and then stops, let's the price drift down and then comes back. Probably running some trailing stops on each up move. But it seems to be gradually ratcheting the pps up as there is not much retracement after each move up. Must be a lot of very strong hands out there.
In my opinion there is no coincidence that the volume spike happened on the day of the investors conference. I am sure he spoke with some investment firms that saw the writing on the wall here and jumped all over it at these prices.
This is picking up steam quickly. Going to get really fun here soon.
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