Book, I don't think there is necessarily more than meets the eye here. The fundamentals look good for the whole group (FDP, DOLE, and CQB), in part due to higher banana pricing. There's also a feeling that Europe has stabilized (at least for now). Analysts have turned bullish. The blurb on "traders buying protection" was simply an observation that call volume was up. This represented a very tiny fraction of all shares outstanding. So, it's true, that someone got cold feet. Maybe they will end up correct in the long run? For now, it looks like they hedged at the wrong price at the wrong time. Btw, Apollo Group is bidding around $20/share for Sara Lee. Another food stock getting snapped up.
Hard to say, but it does seem that the stock has some staying power. I think some were expecting a dip back to maybe the low 15's and another round of consolidation. But, that may not be the case. There was supposed to be resistance at $15.81, and it just didn't happen. I think the next stop could somewhere in the high 16's, just based on historical charts.