Anyone watching Level 2 or Level 3 quotes sees that the entity behind the ongoing smackdown
Can see that they only want to lower prices - otherwise they'd sell and be done with it. Not the case however, they've been "walking it down" ever since yesterday on no news and very little conviction. The goal is to force capitulation. They're not really interested in selling, just seeing the price down as far as they can get it so they can buy one HUMONGOUS position. The fact that they're utilizing 5-8 separate ECNS to do so at any given time hides nothing. Its easily observed that they act in unison and are in fact attempting to deceive others into selling by throwing their weight around and creating a climate of fear. Im going to the beach. You jaggazzes who are selling at a loss have fun!
The shorts on the ask have been around for several years. Their trading algorithms are better, and there are almost always more bears than bulls on L2 - around 90 percent of the time. Even as the buying goes on, they are still there. They shorts are playing this stock better than the longs, but SQNM management has absolutely killed any confidence in them or the company by allowing themselves to be bullied and not having the ability to talk or think in complete sentences during the conf calls.
Therefore, there are no buyers. Shorts control the game - its very simple for them.
Oh god no! Not more conspiracy theories! You idiots could look at a white wall and find manipulation. I love how you idiots know what others are doing and then assign your insane reasoning to it "otherwise they'd sell and be done"
You people deserve these losses. You don't know the first thing about markets! If any of you really believed your insane theories that the stocks were controlled, the LOGICAL response would be NOT TO INVEST IN IT! Yet you do, proving even more the mental illness that goes on here!