RE:This morning weirdnessI am more inclined to think shorters would be covering here. Otherwise, the SP would be much lower due to greater selling pressure.
Some people are buying, as the dividend is still there and the upside potential is there. When there's blood in the street.................this is where the big boys make a lot of money, fleecing the small time investors.
Tax loss selling? Possible. Short selling pressure? Possible. Fear? Probable. Seems like shorting a share at 17 year lows is very risky. This is golden opportunity to cover. We'll see what the new year brings when greed takes over. The market is always right, until it isn't.