Unless this is a short squeeze there has to be a reason for LF going up. I don't know if LF is in talks with someone or maybe a new announcement of products/markets or a partnership with another company.
just use the mat and has a multiple for the guidance - U will see 8 is about right - if that causes short squeeze - we will go higher -volume does not show short covering - just remember this is high beta and can gain or lose 5% an hour - and 20% in a day
I agree about buyout or rumors of buyout driving stock. Keep in mind that institutions and insiders own 90% of float. That leaves only about 6 million shares for the private investors. I don't consider myself a huge investor but I just figured out that I have 1/400th of the private investor float. It doesn't take a whole bunch of money to move the price on this stock.