I think if they were mopping them up then they would more then likely wait until they drop further & then pick 'em up for far less (if they really want them in the first place).
Nuh.................I think the 'false' rumour is what sent them too high too fast & the SP is getting back to a more realistic level for a company that only a few weeks ago was 27 cents or so. The rise of the last few weeks has been based on no new positive info other then an independent report saying what the SP could be worth.
Until some real concrete news comes our way (& I believe it eventually will), these extreme increases in the SP can't be sustained & the SP will ALMOST ALWAYS retrace back to rightful levels, burning many a hopeful trader all the way down.
The long term investor will come out a little better off with some patience.
I can only speak for myself when I say that I think that the SP will get to $1 plus but it needs to be backed up by facts & not rumours. Been there & done that elsewhere.
Just my opinion. DYOR!!
Cheers!
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