Yes, a bit bizarre. These aren't placement shares IMO. The big selling at 7.9/8 today is a gift from Pershing clients I suspect and/or someone desperately trying to drive this down to ~7.5-7.8 range to (ambitiously) pick up a lot of volume churning down there.
I hope we beat them though and personally I am buying as if 7.9 will be the low because I don't want to risk not being fully loaded when we inevitably get pumped back up very quickly.
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