RE:RE:RE:RE:Merril lynch and morgan stanley adding today :)
Jesus. These are brokers. Don't you know what a broker does?
For every seller there's a buyer. There's ZERO price pressure on GCU. The intended price for the swap obviously is 10 ct. The same seller and the same buyer which have been swapping the holdings since Dec 15th are active today.
From 15th to 31st roughly 31M shares were traded.
Since 2015 roughly 10M shares were traded in GCU.
If it was tax loss selling (my guess), then there could be still ~21M shares to go.