Winged warrior, one possible explantation is that hedge fund/s are shorting to get the price down so that they can accumulate at lower levels. That way, they would get an average price (the 40 plus they paid PRE revised bid and the low they are looking to buy at) so that 45 sale price is profitable. The 5 mill buy a open looked sus this morning.
For example, we know the hedges were steadfast at 50. At 45 they are dead ducks unless they average down. So let's say they are in at 48. If they accumulate more at 32 then their average could be deprived at 40, giving then a 5 cent profit.
Not saying this is what is happening but I can tell oh it ain't mum and dad investors.
Just watch for the next pattern whether they try to push further or build an accumulation base. Could be just an exit of course by a big insto.
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