To warn small investors to stay away!
So-called down on good news (that is always an indication of true good news).
The up on good news is always a trap.
when the pps drifted lower and lower, someone (some from the board here) are stealing the shares. That makes the MM uncomfortable. They need the shares back and one way to get them back is to pull it higher so that those who bought yesterday at 4.5 will sell for a quick profit.
How many shares you shorted thus far?
Today is the best example for MCP following the general market down.
They do not need to make profit this Q, they just need to show that they will not file for BK in the next 5 years.
If I were CK, I would sell at 5.07 and above.
Because there are buyers up there! No reason to buy 5, sell 5 (not in my world, but may not be in yours)
curious about this strategy: if they can sell high, why sell low? OK, short to make money.
But if so, why not sell a million at 4.6 instead of 5?