Too far, too fast... well IMO this has nothing to do with CLL fundamentals or takeover talk. It is just the "perfect storm" for CLL short or long therm holders.

IMO stock market is in the process of making the major top. In this condition the leadership rotation into the small cap stocks is the last stage of this process. Look at the CARDIUM junior oil stocks. Most of them jumped 300 to 400% in last 3 or 4 months (i know from PM and emails that some of you are enjoying the run in MEL, WTL, BNE, BXE).

Institutional investors accumulated the shares in the advance of the rotation and now pushing the share price higher issuing the timely recommendation to unload the shares to the individual investors.

In addition, participation of the momentum players help the SP to move faster. Hopefully when the music stops you will be out of the market.

For now enjoy the ride and forget about analyzing the fundamentals.

Actually is very amazing how quickly the sentiment can change when the price move higher. Not so long ago we were talking about CLL being in the intensive care room on the live support tubes (new credits).