Increased buying interest happens all of a sudden and the price gaps above the previous day's close. This type of runaway gap represents an almost panic state in traders. Also, a good uptrend can have runaway gaps caused by significant news events that cause new interest in the stock.
"...significant news events..."
What we have here.
When a trader detects that a company has recieved significant news that it has the ultimate money making "Holy Grail" vaccine, he may invest significant interest in the company and venture funds to secure a piece of the prize.
If you blame the longs for having insight, cunning and vision,, then perhaps you're on the wrong side of the fence.
Rethink this, brother. It's cool to play the short side, but sometimes you need to flip it, brother.
Thanks. Finally a decent post. I made money Shorting today and closed my position. I will Short again but not sure at entry pt. yet. Earlier I said Play both Sides. I was going to buy but the Conference Call was a Joke the way I saw it. No testing on Humans and None in Sight. Will Play again tomorrow and who knows I may Play Both Sides and set tight stops. I don't want to be left as a Bagholder when the Freefall occurs. This happened in GNBT and NVAX.
This in the long run will never Endure until at least Human testing is begun and shows tolerance let alone immunity results. Too much yet to be done.