I'm not famialiar enough w/companies that implement some sort of repurchasing program to understand what might be going on here. Let me assume that this rise at least in part was caused or benefitted from SOFO's designated financial people repurchasing shares. I don't think that it's Ken at his computer doing this, so some outside financial institution has been given some instructions by management. I would imagine that once they have broken through the $1 pre/R/S target as they have, it wouldn't be inconsieveable that they would then be reinforcing that new base as needed. Not trying to diminish what's going on here, just trying to figure out this support.
They would look pretty foolish if after spending the buy back $ at 11bucks a tab, it dropped back to whatever. So it seems buying at 11would be a good bet-am I rite?
This assuming it is buy back that's keeping it up there.