Indeed. I've often done this, putting the last £20 - 30 in my account in random cheap shares without any research just because I like my money doing something and it is more of a punt than anything.
I hope it reaches the same levels at the end of the day that it did early on. The share for the long term looks good but I'm guessing this rise in SP won't go on forever and will start to reverse as people in for short term profits jump out - like ITM power has.
Incorporation of ITM Linde Electrolysis GmbH and Appointment of Managing Director
ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the incorporation of ITM Linde Electrolysis GmbH ("ITM Linde"), a joint venture company between ITM Power and Linde as announced in October.
ITM Linde will focus on providing global green gas solutions using ITM Power's modular PEM electrolysis technology and Linde's world class EPC expertise to deliver turnkey solutions to customers."
My take, though I have no real experience or knowledge, is that someone sold big or got bored and moved into something else like Ceres and then others paniced and followed suit.