I think you are a dumb&ss for coming to a Yahoo board and asking for investing advice, that is what I think. That is by no means to offend any of the longs on this board, especially Y2kglory, she knows her shit.
Check out the volume compared with the price increase. Once again the MM are playing this stock like a fiddle. I think INPH has a lot of work to do to get out from under there strings. I think you'll see us settle back down tomorrow by a couple of bucks. Some good news out today, but once again the volume was not there too account for that type of movement in stock by any means. Good luck and don't look to boards for advice. They suggested I buy in at $40, HAHA.
Earnings due tomorrow and the market will be closed on Friday. If you don't get out soon, you will be in big trouble. As today's volume suggests, nobody was buying except small investors. There wasn't any block trade today. The MMs were just playing games. Look for a 2 point drop tommorow.
the volume WAS there to justify the price increase... You see, INPH has such a small float that it's relatively easy for the stock price to go up... ESPECIALLY when there is good news.
And by the way, NEWS can make ANY stock go up on *NO* volume.. so, you see, volume isn't everything... news, fundamentals, comparative market valuations etc.. determine the price of a stock.. This one was beaten down too far just like many others and this one and many others rebounded today and will continue to rebound.