Ptrey.......yes, I can see your point on that, and agree with you that the MM's have played a role in this right along....and in conjunction with the past FASC dilution.
I think the O/S stabilization and the recent news has got the MM's caught a bit like a deer in headlights.
And the market is still sorting this all out.
I think we are about two significant news releases away from changing old market perceptions for good.