MM have strong control and always drop before a larger move upward. Forcing stop loss and scaring short term traders. This is a Wall Street accumulation stock from 52 week lows and MM want as many shares as they can get because they know they will be selling to traders at much higher double digit prices shortly. I have carefully watched trading since the 52 week low and there is a definite trading trend on both the short side and the long side. IMO.
If you have been following this stock since the lows, you should have noticed the friendly trading trend for the long and short sides. The big question is how long will this continue. IMO the accumulation phase is almost over and news could hit the wires soon.
BTW, I don't say thank you to Wall Street very often.
News was good and the shorts are trying to get every penny. This is the last time the stock trades below $7 and the trading feels very familiar on the down side. The past down side pressure trading has ended with the following week to the upside.