I'd like to be proven wrong, but I don't think this is a leaky...

I'd like to be proven wrong, but I don't think this is a leaky ship. In the past the leaks have been the day before the announcement, never a few days before. I think this is a mix of great news from IMU, volatility & volume increasing so traders are back, and a general improvement in the economic outlook. Imagine how many people were on the boat up to 60c, there is a lot of money waiting to get back in. I think investors are just starting to dip their toes back into high risk assets again. It's a great time to invest in biotech, it's been neglected for almost 2 years based on the index. A lot of money to be made here and smart investors know that. All just my opinion.