(Total Views: 533)
Posted On: 01/14/2021 12:57:53 PM
Post# of 153966
Quote:
I mean why not let it cross 5.00 and unload some on the way up ......
Sitting here watching level 2 thinking the exact same thing. Why wouldn't whomever is dumping these hundreds of thousands of shares at $5 let it bounce a little? It's obvious by the bid not dropping below 4.96 that there are a lot of dip buyers and that the stock wants to run. So if it's a short(s) dumping here at $5, if they'd just take that big block off the ask for a few minutes they'd be able to short from $5.10 or $5.20, giving them more meat on the bone for their short. And if it's an insider or something just dumping shares, why wouldn't they ease off the Ask for a bit and sell those hundreds of thousands of shares 10-20¢ higher?
Seems like manipulation.
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