so what was that spike? It was about 20K shares in a short timeframe. Possible short covering once it got above a certain point. Could also be buyers at the FUN show when PCGS unveiled the 3D hologram that was going into their slabs at a PCGS luncheon. The timing of the spike and the luncheon were almost identical
The spike demonstrated that there are very few shares for sale between $18 and $19. Almost no resistance. Any downturn is bought.
I think it is possible from a technical perspective that we go down for a few days but I believe we will push up to new highs as the investor presentation is next week and the dividend announcement the week after.
looking through the trades, there was no trade over 1000 shares on the way up. It looks like a short hit a margin call or a stop loss and then executed a buy/cover at market. There were literally no shares for sale on the way up.