I was initially watching to dip buy it at 2.58, but was patient in buying it. As soon as it failed, I looked to the next level of support from 0805am, which happened to be at 2.35ish (minus the upper shadow). When support held, I took my position and watched it like a hawk. As soon the momentum stopped in the bounce, I sold. It ended up hitting 2.49, so I could have held longer, but I got the meat of the move.

The majority of the run up was due to good news however it kept going up as it was also upgraded by Credit Suisse from "neutral" to "outperform" I am expecting a sell off tomorrow, possibly after a morning spike as it closed above 7.00

Also I should mention this is not a "pump and dump" stock