RE:RE:RE:Who is buying?"I see that you like lecturing people"
"Your answer can be translated into this : I have no idea"
"You should just say so if you don’t know something"
"what can you possibly know"
"I find that it is always the people that get personal in this rooms that are not very savvy."
Blackbelt I do wholeheartedly agree with your last quoted statement
"for anyone who WANTS to answer the question, with a specific answer here it is again. who is buying this and why?"
Would you like for me to try that again without the diplomacy that I use with civilized people? It seems in your case that it is called for so I will try again without all that niceness.
First of all "Who is buying and why" can not be answered directly since it is not "A" person buying and therefore the reasons of the buyers would vary. I will group the majority from my perspective.
1) Foolish people doing what they do with their money (Part).
2) Penny flippers trying to score a fast intraday cent
3) Market Makers trying to keep the slide under control.
Not the answers that you wanted but at the end of the day, who really cares?