And the manipulator placed a market sell or short at the closing bell
to drive the price down to $5.10. I don't care what anybody says, this stock is still under fierce manipulation. Just because it stopped for 3 days last week, it's started again. I saw it happening all day with a big exclamation #$%$ at the close.
To the person that gave me a thumbs down. Look at the facts. The stock was trading around $5.19 for hours into the close. Why all of a sudden would someone place a market order to sell 100 shares at the close? We already talked about this.
There's only 3 reasons why you would place a market order to sell when you could have sold the entire day at higher prices:
1. You are purposely trying to lose money
2. You are shorting the stock
3. You are about to make a bid to buy the company and a lower stock price saves you millions of dollars buying the company
We already know the short interest is very low. Nobody is making any money shorting this stock. That leaves choices #1 and #3. Unless we have an idiot in our midst, nobody in their right mind would be selling at below market prices on purpose because that means they would be trying to lose money on purpose.
I still maintain that what is happening is #3. I have seen this happen in a low float stock one other time and that company WAS bought out just like I had suspected was happening all along.
Look at the final trades and somebody purposely placed a trade to make the stock finish the day as low as possible.