I'd like to point outwhat may be obvious to some but may not fully contemplated by others. Supply vs demand...Sirit shares.
The rather recent climb, significant on a percentage basis, has taken place during a period of rather low volume.
Thus with some tangible positive news and low volume the stock is appreciating likely due to the demand outspacing the supply. Posters on this board appear to have significant holdings thus reducing the available supply [ not enough dollar volume for day traders to be interested as well]. In the absence of large insider or professional sales we may be able to appreciate in price far faster than we might have thought possible. One relatively large contract may move the price far higher and faster than we ever thought.
If indeed we get an SI price rollback (a la Wal*Mart style) during this coming week then this may be one of the few near-term opportunties to buy Sirit while it is still "on sale". Indeed I'm contemplating having some ammo readily available just in case a new buying opportunity presents itself. Of course all bets are off, short term, if deep pockets are purposely slowing the pps advance. Friday's "selling" evidence (GMP) was very minor however worth noting (from a trading perspective) just in case it repeats this coming week.
Last but not least is the evident self-fulfilling positive attitude that we have seen recently on this board. Market psychology often can and does bring with it positive results. Just look at the Cdn banks and where they were only a few short weeks ago. Their balance sheets have not improved enough to justify their current lofty price evaluations relative to their very recent 52-week lows when they were way oversold.