It could. But this is not trading on fundementals. Strictly day traders and MMs. So it is hard to tell at this point where it will end up today. I am sure many early "traders" are watching 10-15 minute trends. I don't have time for that, nor am I smart enough to understand how to use short term information.
Yep, that's what a small float can give rise to. Wait until it settles out, lots of disappointed longs, imo. Couple of weeks from now (if not sooner) the pps will be down below $150 - probably in the low $100s. jmho.