Initially shoots up on great earnings. Then dumps the following day. Shoots up even harder yesterday. Then today somebody bids it up big premarket like they couldn't get enough around $4.40. Dumps again to $3.60 on massive volume. If pattern holds true, Monday it will gap down and close up.
This has to be one of the strangest most manipulated stocks that I have ever traded.
When a stock runs the whole world jumps in, it was like shark and paranha feeding. Tell you what , I never seen anything like it after hours last night and this morning premarket. Shorts must of been scared crapless. Buy on dips Monday. This run is not over by any means. More upward movement for CLNT. Pattern will repeat itself.
Agree that the run is not over, not by a long shot. For any newbies weren't around earlier in the year, I suggest you check the historical price link here on Yahoo. In the first week of April, it ran for an entire week, from about $1.80 all the way to a high of $8.82. The thing I am most encouraged by is the massive volume the past 3 days. There are huge institutional buyers coming in now after that great earnings report and postive conference call. Also, the late afternoon selloff was on very light (almost non-existent volume). With the small float, the traders and MM could easily run this thing to 8 bucks again without batting an eyelash.