"What the heck was yesterdays price spike-up all about?
What the heck is todays spike-down all about?"
Most here would tell you that yesterday was more buyers than sellers and today was more sellers than buyers, but we both know that this is like promoting room temperature superconductivity LOL... Here are the two possibilities I see:
1) Most Probable: a big buyer has shown on the scene but that buyer does not want the frenzy to push the stock way up before he loads on GTCB, so he will buy slowly over time probably skipping a day here and a day there. In the meanwhile, the traders that jumped on the bandwagon yesterday are selling because they do not see the follow through...
2) Possible manipulation: the MM running the show decided that he needs some business as most are bored with the flatlining. So, he conjecture an upside on high volume yesterday, traps the traders, and collects today while rekindling trading interest in GTCB for his benefit...
In either case, I bought some more today because the valuation is still compelling and I really do not see a safer investment out there in these treacherous times for the market...
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