Not real sure how these HFT algorithm programs are set up, but I just don't see how there are longs that are selling almost 2 million shares a day, lower and lower. It's got to be brokerages selling shares back and forth with some predetermined plan to keep lowering the price to a desired point. All along they make money by buying low selling higher as they drive prices down, or shorting and covering in a similar way.Every now and then you get some scared longs giving up, adding float to their scheme. Who knows.
knows exactly what is going on. Likely, something to do with the secondary or buyout, or some big player buying into the company. They said be patient, so they know what's going on. Probably are in a quiet period based on an agreement.
im not selling my core shares, i am prepared to loose it all. But i am not stupid enough to buy any more trading shares yet either. heck, it may well make it to the twos. im waiting.
still this manipulation cant be legal. What a great SEC we have.
You don't get this much action for a 4 dollar stock, that is going to crash. The future is so bright, we gonna need shades.