Don't know for sure. But the market pulse posters are saying that this is purely a daytrading play. What a bunch of uninformed morons who will soon part from their monies as 90 % of daytraders lose money unless the market just keeps on going up.
The major increase in GLUU will happen suddenly and those not in will be chasers. Shorts will be fried losing any previous daytrading gains they may have achieved.
You will probably be correct about a major increase, but it won' t be happening anytime soon. Hell, you just had a HUGE increase yesterday. These things happen in waves. As a daytrader I know when to get in and out. I bought yesterday at $2.80 and sold today at $2.88. I'll probably re-enter tomorrow around $2.62. Wash, rinse, repeat.