Why is the stock up to $2.15 on over 500,000 shares? Does somebody know something? I don't but I do have a prediction (We will see if I am right). The fact discovery end date is tommorrow. Since 11/12, either Judge Dalton or the Magistrate have entered 5 separate Orders which have disposed of a number of substantaive Motions - including dismissing Q's suit against Sterne. The remaining Motions are essentially discovery Motions that are Markman -dependent, and could be mooted by a Markman ruling.
It looks like the Court has pretty much cleaned up the docket. I predict that by tommorrow, he will come out with his Markman ruling, and will amend the Case Management Order to extend fact disocvery and other dates so that he still preserves the August 2013 trial date. I believe that he will rule entirely in favor of PV on the Markman issues, and that this stock will be between $10-$20 per share by next week.
The alternative is , Judge Dalton will just enter an Order extending the discovery dates, and we can all wait a while longer for the Markman ruling.
It is doubtful that the Markman ruling is out, or that it is responsible for today's action. Volume is low by comparison to the run up last week. Profit taking, more likely. Maybe someone expected something that hasn't happened, or hasn't happened yet.