RE:RE:Stock rises dramatically on lame newsCountryChic wrote: On the surface yes. But considering 5m was all they have for revenue last year it shows they have had 1.5x that amount this year already with more on the way. It also give subtle hints that the rest is still falling into place. I think yesterday’s reaction was people who have been waiting on the sidelines deciding its time to jump on board. $1 is going to seem minuscule once one torch contract is signed.
You can add a lot of short covered and still covering hence the ever higher price. Once buying pressure will cool down, shorters will attemp another try and the bounce back will come immediatly. Shorter havent had it easy on here. They will try to short again. Rocket fuel