I just sent off an email to the SEC and the Attorney General of New York. 26,000 shares in trades drove this stock up up over a dollar the first hour this morning, only to be followed by short sales and a quick decline. SOME WILL GO TO JAIL OVER THIS. IT'S GUARANTEED! We'll start with the market makers and then move to the traders.
"SOME WILL GO TO JAIL OVER THIS. IT'S GUARANTEED! We'll start with the market makers and then move to the traders." I hope they get the electric chair or life without parole with "Bubba" as a cell mate, if you know what I mean...
I've been in this stock for over 6 months and have noted a pattern of opening the the stock higher and taking it down. A one dollar trading range on a stock that is under 10 bucks is insane but it happens all the time.
I'm sitting here watching LII and it seems that the MMs want to keep the bid above 6.90 regardless of the drop in overall prices. Under this scenario, one would expect a quick runup from the low 6.90s, if the market comes back before the close. I'm not going to bite. They have to drop it to interest me. Let's see what happens.