The big question after all the experiences with Patriot in the last two years is: WHO is buying? Here my Good Friday speculation:

If you read the board in the last weeks since Rick Goerner joined as CEO, you got the impression people HERE became more confident then before and often said, they would add some shares before the April numbers get published.

While all thought, they had time to add until at least end of March, the surprising purchase of 100k by RG might have increased the pressure to buy BEFORE end of March, because a) it was seen as a good sign and b) with the fast announcement of the VP for BD none knew, if other positive things could also happen that fast.

Thus Monday was the day the volume started to rise (not big, but significantly) and thus more people (like me) on Tuesday decided IMHO to add shares. Parallel to this "emotional" decision by the current shareholders and those sitting on the fences, who came back or jumped on the train for the first time, Tuesday was the 18th = exactly three months after the settlement.

Now Wednesday and Thursday were "real" green days with more volume (than Tuesday) and a "real" increase in volume. This could be for the reason, that the selling from Swartz (or someone else?) stopped AND my loved "pricing period" ended, therefore the shareprice could increase because of normal market conditions (no more manipulation and more buying than selling).

I don't buy the leakage theory (of numbers, new licensee, USPTO etc.), IMHO the volume equals about 100 people, who bought an average of  10.000 - 50.000 shares this week. Not much people, not that much money per investor.

GLTA