Kinda. It's a domino effect. Good news means it goes up. News like this means it goes up 10-20%, usually. If it's being shorted some time outside earnings, then it goes up a lot more to cover the shorts. This could be another short squeeze that may not go up to $300 if the institutions back off. If it goes up again, there were probably insiders who timed buying calls with the resignation. The bad guys would make a lot of money.
Kinda. It's a domino effect. Good news means it goes up. News like this means it goes up 10-20%, usually. If it's being shorted some time outside earnings, then it goes up a lot more to cover the shorts. This could be another short squeeze that may not go up to $300 if the institutions back off. If it goes up again, there were probably insiders who timed buying calls with the resignation. The bad guys would make a lot of money.