This is an oversold bounce or a nice bear market rally.......As everyone knows, take the short side on these rallies however dont jump in too soon, sometimes these bear rallies are really strong.
this surge is based on lame news...nothing to do with fundies or earnings etc...fluff..fade it if anything..any fool buying this is f ed...Be nice if they could make a 2 day rally for a nice short...wonder if we close neg today?