That's what I think..MMs pushes it down all day to collect shares from the fearful..then sells for nice profit at the end of the day to their short scamming crook buddies to allow them to cover. SEC should outlaw this practice, in addtion..stop anyone from shorting a stock if they are holding that stock long..in addition..stop insiders and any other large holder from using their shares as collaterial for a loan without 1st providing SEC/public 30 days notice of their intent..haha..that would put a stop to most of the scam shorting. I will recommend this to the SEC..plus suggest they locate all their employees that are buddy buddy with the crooks and fire their asses/throw in Jail as applicable.
I agree to some extent with what your saying about the MM's. But any equity that is eventually going to rise has to have short interest to achieve higer EPS. Over the course of the last week we are probably taking some long bets as well as a bit of covering. I don't think it had anything to do with the "rumor" and more do do with earnings right around the corner. Most shorts had made their money at the $2.00 mark and probably didn't want to be on the wrong side of a favorable earnings report. Because it 2 bucks there isn't a whole hell of a lot of room to the downside.