Huh? I was speaking of a drop from 4 to 3.. that's a 25% drop. But yes, 5 to 4 is only 20%.. GGI only gets 18% on the conversion, so it's still a hot plate they want to get off of.
Oh, and I agree the MMs and day traders and avg joe investor is influencing the price. However, the MMs aren't dumb either and they too must realize GGI can't keep dumping at these levels.