A wild guess on my part but it could be that we need to work our way through the .02's? Let those out that are satisfied with their gain and there could be a lot who are happy about moving from sub-penny to .02's.
Could take a couple of days, seems like we have some patient buyers who are happy to let the .02's set up in the early part of the day, jockey for position, and then take them out as the day goes on. Eventually the sellers will figure this out and either set up their 200k sells or hold back and wait for the next leg up.
It's a little boring to watch but it will cut down on the shares we have to face on the next move up. That's probably a good thing!
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