I'm wondering if the mm's, not the companies but the individuals, are just trying to get to the end of the year without their PRED exploding and their bonus blowing up with it. I realize this is a stretch but if they can hold on another six weeks they collect their FU money and then go, either to another field or to another firm.
If I am right, then no one has the incentive to have the price go up, the big buyers just want to buy more at this price, the mm's want to keep it here, and the little guys either are fully in or don't have the power to move the price.
And BTW, I believe Lacy is Flagship.
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