(Total Views: 297)
Posted On: 05/28/2019 8:29:37 PM
Post# of 82687
Thank you. I understand.
However, unless it’s some fancy off-shore niche boutique broker, I cannot fathom how they could make that remotely practical, unless they had some corrupt arrangement with an MM who promised to keep it down until they cover, or a corrupt MM who is himself/herself shorting and dumping to cause this “disaster”. It seems to me like any buying pressure at all (ie. similar volumes to what was dumped Feb.20 and afterward...or 200-300 million shares) would at least bring this back to .01 range. 200 million shares at this point cost less than $650,000.
If anyone here actually believes it is short sellers (I do not believe it), then... by all means, jump in and hit them where it hurts.
However, unless it’s some fancy off-shore niche boutique broker, I cannot fathom how they could make that remotely practical, unless they had some corrupt arrangement with an MM who promised to keep it down until they cover, or a corrupt MM who is himself/herself shorting and dumping to cause this “disaster”. It seems to me like any buying pressure at all (ie. similar volumes to what was dumped Feb.20 and afterward...or 200-300 million shares) would at least bring this back to .01 range. 200 million shares at this point cost less than $650,000.
If anyone here actually believes it is short sellers (I do not believe it), then... by all means, jump in and hit them where it hurts.
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