price goes up? a guess It seems that those who have been long and believe will hold their shares and are unlikely to sell until the price goes materially higher. If this is true, anyone having inside positive information will pay whatever to accumulate at these levels, or perhaps even at much higher prices depending upon the information.
Those committed longs will hold until the patnership is announced, and if they are anything like me, are in it for the long haul.
IF a JV is announced why sell at $1, $3 or $5.....? When the potential MAY be much higher over a medium term hold?
If I am wrong I have lost my play money. Risk /reward, for me, is in my favor to hold. until after the announcement at least.
my 2 cents.....smlmedlge