The sharp rise was due to a short squeeze. Friday was the first time since it began that the stock has closed lower in the match. With hochtief holding nearly 60 percent and a reported 15% of the company shorted you get the idea why the share price has moved so much as short positions are forced to be closed. That's why this stock is fun to trade. It overshoots to the downside and to the upside.
trend broken yet?, page-48
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