Remember when some crazy hooligan began buying up 100K share blocks driving the price up into the $3.00 range and then the street took away the reversal to 5.00+ trapping the short position, and then they had to beg the CBO to put options in play on AIS so they didn't get stopped out before $5.50. See, you still think this is about the company and it's about the original short from a small time player that got trapped at 1.25-1.50. back in 2010. Well that crazy hooligan may just start block buying up again! You never know.......
Look at when the reversal started from the $5.00 range. It happened about a month after the CBO allowed options trading, and the shorts began churning out to get the stock back down to the big short PPS.
Do You Believe The SEC When They State, "Stocks Aren't Manipulated."?
To this end; my former VP of Institutional Sales turned the conversation to some of the companies in which we participated in syndication, and since the advent of smart phones and hand held devices we decided to put our hypothesis of manipulation to the test. Our target company, the first company we syndicated in 1996, Jakks Pacific (JAKK).
@NY, I am pretty sure everyone knows HERO for me was a real bone of contention, and that trade became so large I had no choice but attempt to go activist. It happens, and though I do try to "pretend" that cycle never occurred, it was a very good learning moment. Quite surprised you didn't bring up the Groupon trade, I churned covered calls for the better part of a year just to sneak out early this year with a very small loss. Good thing, it got slaughtered.