you noticed markets have been tanking lately!
I think it would be still in 35-40c range otherwise but these type of markets do 2 things - people who want to buy cancel bids and wait (just in case) and people who are getting hurt or spooked dump.
Makes very nice buying opportunities but you need to be really patient. I have 1 portfolio in 60% cash since Friday 2 weeks ago (fluke) and it is killing me not to buy but so far it has been the right decision.
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