RE:RE:RE:GIGA NEWS INCOMING!!!!!!!!!!!!!!!!!Hate to disagree with you there BigMoe, but it likely has nothing to do with takeovers, or partnerships, or leaks, or contracts.
It was mostly algorithmic trading and technicals, precisely plotted by very large short sellers switching to buying options and then covering, which triggered algos, which triggered day trading scanners and so on and so on to fomo. The shorts made money shorting, then made money on call options while they covered.
Classic scenario in low volume / market closed weeks such as Christmas.
As Casey noted on CEO, and which I and many didn't notice, the price bounced precisely off the 2.382 long term fibonacci retracement levels beloved by institutional traders, to the exact cent. And they moved in as a result to do their magic.
Also noted that one of the reasons today could have been chosen to cover is because by 5pm today the short interest data has to be delivered to SEC and FINRA, and funds don't want to report they are short, so covering takes it off the table and allows them to short again between cycles.
Finally, with today's voulme, every single short could have covered more than a dozen times today alone. 18 times in fact, as the last Ortex data showed 18 days to cover, and with today's 58MM volume divided by PYR's avg Nasdaq volume of 175K, there was the equivalent of 335 days of trading just today. So divide that by the shorts' 18 days to cover and that means that every single short could have covered 18.6 times today.
BIGMOE wrote: I think it's a takeover. Why you think 55 million shares trades in USA today.