Then back down to $38 for a bit, then back up to $40 for a bit. Oddly step-like price graph, with steps on the even numbers. I guess I have no idea how trading in this kind of opening works to hazard a guess.
JP Morgan or whoever was buying hard at 40, and they did the same at 38. The behavior is very clear, and if it gets to 38 again I might gamble on it...
...not that we need another zerohedge link, but this makes it obvious
