RE:IT's go time!GXE has already 'popped' but the profit takers, portfolio rebalacers and assorted sellers outnumber the bidders. The bidders are taking full advantage of weak sellers locking in profit (who are in the money, probably 50% or more).
Go to the header and click on 'price history' to see how the entire float will change hands in 2-3 months at this rate. 6 mm shares yesterday and 7.5 mm Monday. That sort of volume (10% of outstanding shares in a week or so) is serious money building positions, not mom n pop rainy day funds.
This volume gives confidence to longs holding for better days. I have no idea what the reasoning is behind this volume except to speculate that free cash flow is being returned to shareholders and, like any possible corporate strategy, news has leaked out in the tight community of secretaries, assorted apparatchiks and barflys that something is happening.