RE:Volatility incentiveI expect the early trades at low prices are brokerages selling out positions where margin calls were not satisfied last week. The loan value on VMD was reduced on Mar 25 to 25% from 50% due to its volatility. With that reduced margin, VMD would be one of the first targets in someone's portfolio that a brokerage chooses for selling. As mentioned in the earlier post in this thread, that margin selling should be over in early April. Of course, there is also some repositioning of market portfolios at the end of March.
It is always surprising to see the bottom fall out in early trading on no news. This has happened at least 3 times in the past two week.
Once that selling is over, we should see fewer sellers than buyers. There are about 4 weeks before VMD reports Q1. Perhaps there will be an announcement of a material contract before then.
GLTA