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Microcap & Penny Stocks : IMDS nasdaq bulletin board
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To: sydney who wrote (3973)1/6/2000 12:29:00 PM
From: jwk  Read Replies (1) of 4122
 
My guess is short covering...perhaps even a bit of a squeeze. Given the track record of this thing, I suppose it's possible that there could be an "informed" short covering squeeze if pending positive (legitimately so) news is being delayed to give certain parties a chance to cover.

Even so, at this volume and price level, I'd think we'd be seeing an end to short covering pressure. If it keeps up, it's going to start looking like "accumulate at any price" event.
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