[razorback-bert]

Supply and demand does. If people hold stock, it's price will rise

True, but maybe people weren't holding the stock voluntarily. I have lost track of the lock-out timeline.

Which is my question, why the rise then?

[Wphile]

I have lost track of the lock-out time.

Last of October/first of November. Doesn't look like much of a rally during that period. The bump in the stock price could be from some false hope of additional financing. Enron was in the news a lot and traders responded to just about every comment.