it's probably the most FAQ.... Typically with spec stocks...

it's probably the most FAQ.... Typically with spec stocks trading doesn't often make a lot of sense, for a start it's hard to value something that doesn't yet make any money, thus you'll get all sorts of traders with all sorts of trading styles coming up with all sorts of valuations and SP targets. More often than not announcements tend to be a catalyst for those who aren't "invested" in the company to take profits. Rarely at this end of town do $ signs or revenue forecasts appear in anns, so how much value is attributed to them is debatable and you'll often see selling pressure for days or even weeks after a decent announcement. Once selling pressure is overcome by demand (such as today) then SP's tend to pop. Rinse, repeat, rinse repeat. XPE will again "stop" somewhere and likely test prices on retraces across all sorts of time frames. Where that is? Well that's the million dollar question and what you do with that information comes down to your own targets, aims and trading style.... The thing with XPE is as it becomes more solid fundamentally then we'll see smaller swings and tighter ranges.