I feel as if I have just put money down on a roulette table. Nothing seems to make sense.
There should be more upside than downside at these levels, but with players like the ones that showed up after market. Who knows what's going on.
Serious money involved. Also, who would pick a day like today to sell in huge chunks?
Apart from a T/O, only other logical reason I can think of is a substantial holder wanting more shares. Planting big sells and then putting a bigger buy to swoop up excess shares within their range.
SLR Price at posting:
68.0¢ Sentiment: None Disclosure: Held