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You are correct that there is no news today.

The best that I can tell from the speculation on various boards and today's activity is that the heavy volume was driven by a few large short positions being covered today; whether that is true or not is anyone's guess, but it makes sense given the historical volatility caused by the heavy short position and the absence of other news.

If these gains continue for the next few days, I'd start leaning towards some big news (Echostar settlement, a potential buyout or good news from either Comcast or Direct TV) leaking out to a few big traders.

I wish the fundamental business prospects of the company were directly driving prices, but at the moment it seems more likely to be one of the two scenarios above.
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