Quarterly, page-245

for this to steady climb, it needs the short term traders/ profiteers to be bought out by longs.

Longs will be a little gun shy if the traders keep dumping.

IF traders took their time, and therefore waited for longs to step up, it could staircase its way north.

The story, and facts are good enough to return it to higher PE levels.
It just needs the build confidence, in that escrows or traders arent going to offer longs a cheaper entry.

When no cheaper entry is about, longs will accumulate at the only price available. A higher one.