RE:An entity or more has bought at each open for the last 5 day There are big buys to day highs first thing AM , then little sells take it down all day . I can count the number of times on one hand the number of times GCM has closed at it`s day high . I think right now sheep are selling for tax loss . They often don`t understand they can`t buy back their 840 shares for thirty days . By that time in this climate their nest egg could easily have increased by 2X .
It`s easy to see this pattern on the charts . Because the actual float for GCM ( insiders , institutions own 70% ) small sells have a big impact .