Jul. 24 at 12:01 PM
$TLPH My guess for the rise yesterday (and today), in order of likelihood:
* Institutions that buy only when a stock is over
$1, realized that they must buy some shares in anticipation of good Niyad results. They needed time to go through the bureaucracy before they made the decision.
* Investors and traders felt it's time to buy, even if they had to pay higher prices.
* A new analyst recommendation sent only to their clients. The clients are given a few days to buy before the news is published.
* Traders felt that they accumulated enough at the lowest prices they could get, and it's time for them to unload. So, they jack it up, and then sell.