Buyers near 20x sellers, page-18

Of course I don't have an answer to my above concern, I could only speculate.

The best possible reasons I could see were:

Tthe MML price bumped into the $0.545 level which has been a strong floor and ceiling for the stock price in the past and some technical traders may have been using the point as a good entry to go short or take profit if they'd entered earlier.

Though it's hard to believe that theory too much when the PoG is rallying so aggressively. Can't imagine there are many will to short this without seeing gold rollover first (or take profits for that matter)...

My second theory was with the overall market getting hammered so badly and closing at a two and a half year low that some traders might have been selling their winners to cover their larger losses on their losers (so a stock like MML which had rallied well might have been an easy way to meet margin calls).

Though it was hard for me to believe this theory either - ie if people were selling indiscriminately then the XGD would not have rallied by 8% while MML floundered.

So I'm out of ideas that would justify today's volume and lack of price increase. Anyone else care to speculate?