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.
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.
Will have to see, and since my wired funds didn't get to my account to late this afternoon lets hope your wrong. I was truly upset to see such good news this morning, and no funds to slide back into INPH. I'll be here tomorrow to gloat or admit my incorrect views. Good luck every one.
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.
There were SEVERAL big blocks.. and today's volume is one of the highest volumes this stock has had in a LOOOOOOONG time.. only small investors buying? give me a break.. many of them were indeed small investors, but I'm willing to bet many trades were institutional buying.. Since we don't have a lot of institutions which own this stock yet, the volume remained around 400K instead of mugh higher.. but then again, when only 2M+ shares are in the float, how many can institutions buy anyway?
You're full of it SOG... I can't believe idiots like you are out roaming the boards... it's SOOOOOO obvious you're a shorter... well, it didnt work today, and it won't work tomorrow.
If we DO drop 2 points tomorrow, it's only because some sorry slobs are selling too early.