Irrational Exuberance...follow upI posted on March 2nd during the run up that this is irrational exuberance (to steal a line from Alan Greenspan; the only truthful thing he said while the Fed Reserve chairman):
Irrational exuberance is unfounded market optimism that lacks a real foundation of fundamental valuation, but instead rests on psychological factors. The term was popularized by former Fed chairman Alan Greenspan in a 1996 speech addressing the burgeoning internet bubble in the stock market.
As much as this may not be a pump and dump, this week acted like a pump and dump: 21 cents to 37 cents and back to 21 cents in less than 5 days. Call it what you want but the longs' patience is being severly tested.
GLTA
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