Small floats move when this happens. No news will come and this will drift back down some.
Funds were waiting on the sidelines until GV hit and stayed above $2. This moved when they came in and bought. Around $2.50 may be a safe bottom now.
Wii go back to around2.2-2.45 very quick
Sentiment: Strong Sell
Well - it's not the fund manager's money - He must just want the stock before news will break - BUY BUY BUY - this should make Cramer's watch list BUY BUY BUY !!!!!!
You would have to be a pretty stupid fund manager to buy that aggresively over a period of a couple days. You could accomplish the same thing over a period of a few weeks and pay a lot less per share.
Yes, fund must be stupid like me to take 170K position just now all the way upto 2.94