RE:RE:at $1.80, up 30+% on the day!
This is an interesting play because of its characteristics; as you say, it is kind of a perfect hedge. If they don't make any sales, they can tick over for a good while without going bust. However, if they make a decent data sale, it'll be payday in a big way. We just don't know if, or when, that will happen. So logically, there are probably a bunch of investors waiting in the sidelines using their cash for other things for now. There's no point holding this one while it ticks over. These investors are probably waiting for a sign that business is picking up, and they're ready to get in the game. Thus my point is, it's quite reasonable that we might go up on no news, because waiting investors may see that we've left 'penny status' far behind and they don't want to miss the boat as the price goes up. This stock is always going to be volatile because the future is interesting, but uncertain.