Yes, the CNBC plug is partly the reason for yesterday's run-up, but also, I think that it only partially explains today's movement. Just general short interest is probably playing with the stock today. It may be one last push to short, since short % is near 9%, and make some money, then cover, and make even more money. Of course, this is just my theory, and is probably wrong. You've got to realize that LOR is challenging its 52 week, and all-time, high. Usually a stock bounces off that high twice before finally breaking through the resistance. we're passing by the second bounce off now. By launch, we will probably retest, and then next week break-through. But predicting such short term movements is like trying to predict the weather. In that case: I think it will be 70 and sunny tomorrow in NYC, but I could be wrong :)
geoff |
