$INIT took a serious beating: its 24-hour range was 87.6%, it ultimately rose 76.3%, trading volume reached 450 million U, up 11.7 times. It rose 56% yesterday and another 20.4% today—the back-and-forth liquidation of bulls and bears didn't kill it. The condition to watch is straightforward: as long as volume doesn't contract, this momentum isn't over. If it rises again on lower volume, that's when to be cautious.

Not investment advice