I agree with Olaf even though I see in his Yahoo profile that he is from southern Sweden and I am from up north (the REAL Sweden)....
Here is my explanation: share price of small caps like TCX is not determined by performance indicators. If we consider P/E or other quantitative parameters the stock is (very) overpriced.
At this point of time, TCX Price is determined by three other parameters:
1. short term "manual" speculants (that are currently performing "cuncurrent selling" == buying at higher prices to drive price up
2. The BOTs Olaf mentioned
3. M&A prospects and the consolodation at teh mobile market that TCX's Israeli director is trying to lead.
I will elaborate on the optimal actions in my next post - but as Olaf said- volumes are the key.