RE:Today we take a breather... Good run but need news
Given the fundamental facts at this time relative to the stock price and recent rise, it certainly looks like speculation, therefore making the situation very volatile. Having said that, it is the sheer volume and the obvious influence of some big players that gives the price some credibility IMO.
I don't have the time to badger mgt too much right now, but it would be interesting to hear whether they have any legal confidentiality agreements with institutional investors that are just holding (= support) or (sadly) leaks from trials etc that are getting big investors excited. Yes, the latter would be illegal, but so is J-walking. It happens.