Jul. 15 at 10:11 AM
$ALP I think the recent move upward prior into this morning's 8 AM announcement could be looked at in two different ways...
First, the market tends to price in things prior to their happening which leads to the adage of 'buy the rumor sell the news'. In most cases I would agree.
Second, which I think applies more so to this particular situation, is the stock has been in a downtrend since it hit it's high of
$3.30 a share on January 13th.
When the company shifted gears and switched from ATON to ALP on 4/21, the stock hit a low of .176 cents. I believe that was because the shell had gone through several entities and legacy shareholders were just fed up. Some stuck around.
The current move over the last few trading days probably is a combination of potential excitement, maybe some material information being leaked and momentum players getting involved for the potential sharp move up.
I think it's a show of confidence in new potential. Today could be the beginning if they executed.
