The vast majority of buyers are sitting off-screen and out of...

The vast majority of buyers are sitting off-screen and out of the visible order book. The sellers that are sitting in there at 34-36 are likely frustrated holders looking to lock in profits just in case the world markets collapse or the deal somehow falls through. These big buyers that are waiting patiently on the sidelines will simply create the perception that the buy side is thin (thus the perception of fear) and encourage sellers down the queue. Every now and then they'll take a chomp and back away, thus starting the cycle again.

It's working extremely well and everyone (including the sellers) know that the likelihood of news dropping in the coming week is very high. Why sellers continue to lower their prices is beyond me when we're much closer to an outcome than we were 2-3-4 weeks ago.

Insert generic Buffet quotes about wealth transfer all you want but in this case, patience is truly required if you want the big payday.