Could be, could also be a leak of good news. Nobody knows right now. Speeding ticket can't be far off and interesting to see what happens if management says they know of no reason why.
Very risky to buy in as it may be a suckers rally on the back of a simple TA bounce. Seen it time and time again, happens all the time.
Some people have made some great trades though and realised some nice profit, congrats.
SGH Price at posting:
32.0¢ Sentiment: Sell Disclosure: Not Held