Well... yesterday afternoon. Might have been daytraders coming in might have been IPOs dumping.
I look at it this way. At the moment anyone who bought in Tuesday morning at 50 cents is 40% up. Anyone on Monday, 60% up. The run up yesterday is exactly what CPN did a couple of times for no apparent reason. It shakes out the IPO holders and brings in a new set of shareholders. A few daytraders might have come in at 60 and sold at 90, most will have been in at 75 going up and out at 78 on the way down. A lot of shares got passed around.
Not much has changed from last Friday, other than shares have gone from 40 cents to 72 cents, and except for about 20 minutes yesterday they're at an all time high. The buy to sell side is around 3 : 1. Its still pretty good from where I'm sitting.
DM1 Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held
