40mil shares traded last two days. Yesterday, a downer, probably caught some panic retail investors selling or who were stopped out. Unfortunately for them we rallied somewhat yesterday and a good positive move today. No doubt that was a bear raid to gather as many shares possible from the unsuspecting. For all the shares traded, there was a buyer. Whether a short covering or someone building a large position is difficult to say. However, those T-trades from last week weren't something to forget. IMO they are linked with the large two day volume and the large bids we saw today. Tomorrows trading may provide an answer if we see a repeat of today.
There may well be something in the not too distant future that justifies this action. Could very well be linked to new deals forthcoming, good earnings report next week or the proxy. Here again, IMO, these three items are inextricably linked. One begats the others.
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