"Novice traders"? I dunno, because I always thought that "taking profits" was a good thing and that is what I think some did. (Plenty of time for some to load while this sat in the Expert Market for almost 17 months).
Why did so many novice traders wait to sell at PC. Am I missing something or are there just a ton of stupid traders out there.
If you look at today's chart from around 11AM on I would say that we have been back in the hands of the pros / brokers using High Frequency Trading programs to swing it up and down and the high volume and tight range is exactly what they need for HFT