I really wish I knew what was going on here. It's definitely not just the Motley Fool recommendation, and it's not just day traders (too much volume for either of those). The hedge fund theory sort of makes sense, but I would have thought that would have involved a more gradual buildup, rather than the sudden spike that started on Friday morning.
There was a lot of selling into that spike and many are taking the opportunity to sell since
this has been dead money for 2 years.
might have been the right thing to do but.......
if the stock closes anywhere near today's high, Monday will be interesting
I agree that many might have bailed after holding for so long. But the real question is on the other side of the trade. Who thinks that $14 is an attractive entry point. Looking at the connected everything market I think the sellers don't want to know SWIR's price in 6 months. Might lead to alcoholism.