MIVA, aka Findwhat.com, has almost tripled from its 52-week low. I had bought this stock when it began its long descent as a European/M&A play, basically my version of gambling money, frankly.
The stock seemed to be stuck in a rut, and there was a lot of reason for that.
In late August 2006, for example, it was trading for $2.30, today, it’s over $7 and more importantly, there is a spike in volume: just before noon EST something popped.
Is there any news? Anyone got a clue?
Disclaimer: long MIVA
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