You guys are over thinking thisnobody of significant holdings wants to sell. If fact, like me I pick up shares when they become available at a given price in quantities that mean something. A rarer occurrence than you might think. Like many retail investors I already have a sizable position so I wait until the ask side is large enough to jump in. The trick is to jump in before those taking advantage of low volume to push sp down do.
The other thing that is happening is a sophisticated investor has to shake shares loose in order to buy a meaningful quantity. This is done by allowing sp to rise and fall repeatedly, eventually somebody will tire of the wait and sell the next time sp rises. The range is .90 to .95. IMHO GLTA