$China Pharma(CPHI.US) surged 790% in a day and is still pushing higher after hours, with trading volume more than twenty times the usual average, yet the company issued its own announcement saying it has no knowledge of any news that could explain the unusual movement; $Highway(HIHO.US) also rose 15%, similarly being a micro-cap with little fundamental news. Is this kind of surge without any news purely a game of capital, or is there something undisclosed brewing? I can almost certainly say it's the former—such small-cap pulses historically have a high probability of quickly reversing, and those who take the other side are often just the ones footing the bill, so I firmly stay away from them 😵💫
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