any idea where the new money outside Boylans is coming from ? the original move was from the 11.60 dip up to 12.75 last thursday...that was a great buy for someone- prior to Boylan's 12.91's...love to know who is getting on board and what it is they may be hearing...although i'm certain we wont find out...sorry we didn't get the close over 14.35 today...but hell of a move nonetheless...
I'm speculating, but typically short covering comes in with a thunder clap, sudden gaps.
This is what I like to see, a slow steady upward divergence that has not faltered the entire day. Thats why I think its the beginning of the pre-announcement rally. It seems like new money because of the orderly ascension. I'm speculating, but it seems plausible.
Even the most ardent short seller has to realize that this information has been pending since the summer. The well will soon be completed, they broke ground in July, the recent 8-K was very detailed and encouraging. In my opinion that last push of the short sellers down to $10.00 was the last hurrah.