Premarket high of 1.65 plus green market = strong indicator of continuing trend
We are at an interesting junction where we should see Marxe's hand. iI this trend continues will he start selling or patiently wait for the release of the ER? My guess is that he may start selling at 1.70 in a nibbling manner and not in too large blocks, depending on the volume, to avoid a disruption in the trend leading to higher prices. The next two weeks should indeed be very, very interesting!
Glad we saw 1.65 today, but it looks like we may close lower. There is no news and we are entering the silent period before earnings, so we can't be too expectant of a surge at this time. But a rise in price of a few pennies a day is very welcomed and a lead-in to a leap of the PPS starting before the timing of the Q2 report.