RE:Relatively speakingTechnically you're right, but people may also be pricing in future value for their other ventures. Either way, PUF still has room to go up. Look at all the other major players who have been approved. Their stock has stayed +$2 a share or so. I don't see much downside to this stock since things are being approved and they have a good size stake in other plays. Once we move through the traders that have been in this for a long time and want their money out, we'll move $2+.
Look at it like this, 15-20 million shares traded above $1 very recently. It would have to collapse to move all of those investors out. Too much money is interested.