Normally, Hedge funds buy into securities between 3-5 days when they are very interested in a security. Today is only the 2nd Day.
You have that right. Last price surge was 3/15/13 thru 3/21/13. That was 5 trading days. Price ran from $0.30 to $1.47. That is 5x or 400% gain. Fell back to $0.09 on 3/21/13 and 3/25/13. A more believable low of $0.51 was logged on 3/28/13.
This run started 5/13/13 from a previous close of 0.88 on 5/10/13.
Following the pattern I expect this run to peak Fri 5/17/13 (also options expiry). Hard to accept the peak price would be near $4.40 (5 x 0.88).
I plan to sell some 0.58 cost shares at $1.95 and again at $2.50. If PPS get to $4.00 I'll sell some more.
Buy back targets are $1.50, $0.90, $0.60 and $0.30.
Thanks for listening, Mitch