It is official now – 200% increase for Searchlight Minerals Corp.(OTC:SRCH). As the run up continues, parallels are drawn as the stock perform just like it did around the same time last year. The only difference – the dollar volume these days is much, much higher than back then. 
So, 3.7 million shares changing hands yesterday, close to the all-time high and bringing the stock to another 50% increase in the price, the session closing at $1.1 per share. The third big jump since the run started. The interesting part – there is nothing at hand to justify this hype. At least nothing that would suggest such a trading frenzy was coming this Friday. In this aspect, it is no wonder that rumours appeared in financial forums on the Internet about possible promotional campaigns behind the recent events. Yet, they remain only rumours for the moment.
The thing is, as mentioned, the 200% increase is not a result of sustainable growth on the stock market, but of 3 sessions of vivid trading activity and a sudden huge increase in the share price. Which, in terms, while interesting and optimistic for some people, might prompt for higher caution for others. So far, there has been only one press release to come out and sparkle a trading hype. Let alone, there is the short-selling activity not to go overlooked as well. The two sessions in September that had trading volumes above 3 millions also had short-selling volumes of around 1 million shares. [BANNER]
All of the above in mind, it might be too soon to open the champagne. While it has been a marvellous run so far, it is unclear as to how long it would continue and if the stock would be able to keep its new position, or would fall down to its summer levels.
