I know - we heard the whole "Well Asia operates differently than the United States", but this puts the tortoise and the hare on a whole new level. Crazy....and you're right, it could just be people selling at a loss for tax season. We're seeing that in a number of these low trip plays. People can sell then just buy back 30 days later.
This has made zero sense to me since Day 1. Even less sense since then. What is the point of merging into a ticker and spending $100k or more, and not doing anything with it?