RE:Must Be a Lot of Dumb ........ Almost no volume sold at the bid. Everything bought (95%) at the ask.
This is usually a market maker making a market. They have no idea there is a settlement. So they create supply. Typically borrowing from your account.
They then have to hedge in other means or buy back the stock as they are short.
As I've been saying the kindling has been laid, we are almost at 6 month highs on 300k shares.
The only way to resolve this lack of supply is higher prices. Buy before the news release and all the analysts then raise estimates.
If we can see more buyers show up, we could see an end of day halt.