Very typical display of hindsight bias right here. That may not be true at all. If the investor had done 100,000 lot parcels at 40c buy and kept reloading it, when the month's volume was <500k, I guarantee you the stock would have traded differently as it would be forming a healthy base, no gapping up, and it would also draw in less daytraders and bring in more smart money.
Unless you're saying technical analysis isn't a real thing. So really, the lesson is for yourself, when you realise your first argument was made complete moot, you change your tune straight away and try to make a new invalid point - Just don't.
MYQ Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held