if you check July 08, July 13, and July 18, you will find three peaks which form a nice downward slide.
On my chart it looks like $2.65 on the 8th
$2.47 on the 13th
and $2.29 today. Now that is every 5 calendar days.
You will also note that the gap between peaks is exactly $.18 for each peak.
MMs are not going to let go of this. They are applying science to destroy it no matter market conditions because they know they can take it down systematically.
The drop is not finished. Watch, it will break support tomorrow. No way it holds up.
Not a chance. SHO doesnt matter. Russell didnt matter. Stack sales didnt matter. What matters is financing for Stage III trials.
MMs are so far in the money that even if they announce something good, which I doubt, they will beat it down and cover as it climbs a bit. Then they will join the longs and make it spike and start the game all over again.
MMs make a market in a stock. Not all do for each stock. They take postions, they short, they go long. They are the bid and ask guys. Yeah, I can throw a bid or ask on the tape, and it means nothing. It lasts for a few minutes and disappears, and you see the MMs cap a gain with a large sell, or try to prop it up with a large buy vs a small sell or buy. You get the picture.
MMs know that they can create desperation in a stock. They pay pumpers, not bashers to come on here and try to support the price, just long enough to get their short order filled.