We actually mostly agree. I don't think there is anything nefarious or silly occurring. We are splitting hairs, but:
I think a collection of larger buyers are worried it may take off without them acquiring their full allotment of shares they desire, but then a collection of sellers has plenty to give them. Then, the buyers back off to see what may come to them, then the volume dies out, they push up their buying, and the seller keeps telling them, it's all good, it's not going anywhere, we have plenty for you.
I enjoy watching the exchange, but I'm ready for results to settle the debate.
Something happened - which unleashed the power of our imagination...