This a bit of a rhetorical quality in the question.
But I don't think that situation is being played out here. I think one or many are bailing, and just as many are getting in, and $3.50 is the uneasily agreed swap point. Perhaps they'll both have won when its over with.
In any case, this is de facto, supported consolidation, and good for everybody on the correct side of the trade.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.