Despite claims to the contrary, there is no eviden
Post# of 72440
As for why the stock went up big yesterday -- the logical assumption is that when a stock typically trades a few hundred thousand per day, and then suddenly goes up 89% on well over 2 million shares, something happened to trigger that.
The most obvious trigger would be if some entity learned some information that had not yet been publicly disclosed, and was panicking -- either covering a short position, or frantically buying in the least smart way possible. A large player who wanted to cover a short position or go long would NOT buy a million or so shares all at once -- the entity would buy gradually over a period of days or preferably weeks, to get the best price possible.
It's a false narrative to claim (as a multi-identity did) that a big entity just decided to plunk down money all at once to buy a whole bunch of shares. No hedge fund or other large investor would run the price way up so that they had to pay more. They'd try to get the best price possible, over time.
And then, when other traders see this kind of unusual activity, they easily might say "Someone knows something, I better cover (or go long)" -- thus creating a mini-short squeeze.
Occam's Razor -- the simplest answer is usually the right one.
The simple answer in this case is: someone knows something, and acted upon that knowledge.