I believe if these same events that MNTA has had had occured prior to 2007, the stock would be trading at 35. The market environment is about 50% of the stock price.
Someone has to buy, I was thinking mostly shorting covering, you are providing what you think are the reasons, not the same thing. People often like to think the market is driven by news events, this is how our minds like to work, if B happened then A must have caused it because A came before B.
Just as likely for the move up in MNTA is the more positive tone to the general market and the risk on trade being more popular.
Guess in a couple of weeks you will find out. But it isn't a panic, if someone is short at higher levels, then buying in a burst takes the market by surprise. And below some level, it is all profit taking.
If the stock creeps up, then people might keep raising the price they are willing to sell at, it creates a trend while spikes up and down it is harder to tell what is happening.
It could be both, shorts could be expecting good news.
When you say I am wrong, how can you tell for sure. What makes you think we are right?