I understand what market makers are for a stock. However what I don't understand is the many references on this message board referring to the MM's manipulating the prices either above $1 and MM's manipulating the price of GSAT below $1 for whatever reason. Is there truly all this manipulation going on, for what reason(s) either direction, and why they'd be doing this to the stock price? Might big blocks of shares be trading by regular investors? I mean it doesn't take all that much money to be buying large quantities of shares of a penny stock. Thanks for an explanation.
well I think without the mms the stock might have soared way under a dollar which would just discourage investors... do you have 300,000 dollars to throw down on one stock... mms recognize future potential and buy what weak hands sell... plus im sure mms get insider info