RE:Still no reason for the surge?My personal opinion is this: with all the accumulation that has been going on since the rs and before, the buying pressure is very high in the stock price. So when there is a new large order that enters in the equation you can see the effect that it has on the price has we saw it today.
I don't necessarly expect a news release in the next days - next weeks yes of course.
Building up such pressure in the stock price is the job of the institutional investors / market makers, and it is a prerequisite for a large price breakout like the one that will happen soon! They need to accumulate as much as possible and shake the tree as much as they can to ensure the sellers and other obstacles are gone before the breakout.