Oh look. At the moment it is being manipulated upward. Or perhaps there is more selling than buying.. Just perhaps. Those dirty little manipulators. How is a poor little disadvantaged trader supposed to operate in such an environment?
Yeah it's manipulation. More people willing to sell than are willing to buy. If you think it is being manipulated for the short run to the down side, you should be smart and take the other side of the trade and you will obviously win because short term manipulation isn't permanent but is an opportunity for the smart people. I get so tired of the manipulation talk. It's an auction pure and simple. If it is too cheap, you should buy into the fall and you will mint money. If not, you will lose. Pretty simple stuff..
The winning trade has been the short trade. A lot of folks that were in for the dividend have sold or are selling. When you compound that with shorts there is an overwhelming amount of selling compared to buyers. You are seeing the result.