bought KONG near the close

[Chubby Khabob]

Anyone get in on this today? I bought near the close. I'm down a little bit for now, but this is going above today's high and on to 7.75 very fast. Volume went from 300,000 shares a day to 3.65 million today. It's gonna be a screamer.

[chartfollowers.com]

KONG is fundamentally a positive stock. Yesterday's spike in the price was due to the strategic tie-up. The charts indicate the stock rallied from $4.5 levels and formed a long upper shadow candlestick. This does not compel me to add long positions at the current juncture. The stock could possibly pause at current levels.