After reaching the sixty cent mark during Monday's session to open the new trading week, CELH dipped back down to fifty one cents to close Tuesday's trading session.
Volume was again up fairly significantly, and interest in the stock may be increasing leading into the expected earnings release.
The volatile open to the week is a good example of why it's important to take some profits off the table in any significant runup, because those gains can quickly be erased over the short term - especially when dealing with specualative companies.
That said, if the long term is what matters to a particular investor, wether it be because of trading style or because there's no time available during the trading day to buy and sell positions, then the short term volatility may be a non-factor.
With the market the way it is right now - highly volatile and unpredictable - it's my opinion that even those who consider themselves long term investors take advantage of the price swings, do some trading and bank the profits when available.
In this global political and economic environment, you never know what tomorrow will bring.
For longs of Celsius Holdings, the hope is that 'tomorrow' brings a different story than 2010.
CELH, already a big winner for 2011, is still a potential turnaround story.
Disclosure: Long CELH.