When a buyout is in the near future. Stock spiked up on 400+ and reverses till another large block can be had. Buyer continues lowering bid as small stockholders run for the hills.
would be nice to know who is selling. is it possible HANDY & HARMAN LTD.? Then your point could be valid.
i just looked at The insider trading and from 01/2012 to 03/2012 H&H purchased over a million shares between 5.30 and 5.65. Interesting.