No news, no announcements, no rumours, but plain old unsupported buying is always the best indicator of renewed interest in a stock.
I have been expecting a sustained up-move starting in late September or early October, and this may be an early harbinger of that. I doubt that this rally can sustain itself and will probably peter out in the mid-fifties, like it did the last time.
BUT, this time I would not expect the stock to decline to the low forties again. If we can see 53 to 55 cents at the close sometime this week, we probably can look at 45 as a new floor.
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