Broke a four-month trend 3 days ago, and on the last 2 days volumes have been very high as everyone piled in. I don't see that fundamentals have changed significantly over the week though (doesn't stop me getting burned on my AWC put options though). The ECB loans have abated liquidity problems and caused a two-month rally. They don't fix underlying problems though; so as pilatus says, any wobble or shock will send it plunging back down.
I'm not going to be in on this spike; way too volatile and irrational for me.
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