RE: (au) Today's price swings and the Dodo BirdHi Au (how is that for a nice Canadian salutation?).
Re your theory of why the price hasn't gone north of $2, let me begin by saying "I don't know" but I will speculate with a theory based on market psychology. But first let me comment on the following statement that you make: "And please, no comments about not worrying about it. The price reversal is being held back. And forget about the "conspiracy theory" response as well."
First, the notion that the price is being "held back", your point, is a tacit expression of a conspiracy theory. Held back implies purpose, which, if more than one person or institution is involved, implies conspiracy. I'll give you "as a fact" that the price has recently bounced off the $2 level. I don't know whether it is actually being held back.
In terms of what you do not wish to hear, the conspiracy theory which I suggest is implicit in the notion of "held back", it is possible we are seeing what the market regards as an acceptable form of conspiracy - shorters, fighting the rise in the share price. Possible, I say because, of course, I don't know. If this is the case, why would they draw the line at $2? I think the answer to this hypothetical takes us into the market psychology theory.
I'm sure that most of us have noticed the way realty in particular (and goods and even services) is priced. It tends to be priced just below what is regarded as a significant price point. So if one looks at real estate listings, you will see a disproportionate amount of property for sale between $195,000 and $199,000, the same between $295,000 - $299,000, $395 T - $399 T etc. You will find a disproportionate amount of property for sale just below what is regarded as the next "major" step up. I think the same is true for stock. Sellers, either consciously or intuitively, think that selling just below a dollar point is a good strategy for selling and buyers are more willing to buy at these points. And, of course, sellers would include those that might be shorting.
Now, with respect au, let me rebel against your instructions. I have to say that I'm not worried about it. I have said for a long time that I will worry if Metro announces its implementation and SMY is not involved. And it is involved, as I fully expect, I'm even less worried about things. Much business will flow in if SMY does get what it appears it is intended to get. And who knows what else we will hear to give me a comfort level before then but I have a considerable comfort level despite the erosion of share price and despite not being able to do more than merely speculate at what appears to be a modest $2 barrier.
I'm quite confident that the $2 barrier will eventually go, hopefully this time like the Dodo bird, as in never to be seen again!