I think you're right. It's a combination of them. One of the funny things on Ibash (which I try not to talk about on here, because I want this board to be more than just bashing the other board) is that people are like "what if the FDA rejects it?" I always want to say "people buy on rumors, sell on news." This thing is likely to hit highs before news arrives, as you say, based on speculation. The highs from speculation are going to be higher than the highs on news. Everyone knows that. I am looking forward to a spike of 15-23 cents on a combo of speculation transitioning into news. I have 125k for sale @ 12.5 cents and 17.5 cents. Then a bulk 945k @ 23.5 cents.