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Posted On: 02/26/2021 6:55:06 PM
Post# of 22463
One reason for the drop is very likely the SEC suspending 15 companies touted by social media a few hours ago. QTMM was not in that group.
Traders probably got stuck with untradable shares in those companies and liquidated all their holdings to be safe. Drop had nothing to do with QTMM, IMO.
https://www.sec.gov/news/press-release/2021-35
Press Release
SEC Suspends Trading in Multiple Issuers Based on Social Media and Trading Activity
FOR IMMEDIATE RELEASE
2021-35
Washington D.C., Feb. 26, 2021 —
As part of its continuing effort to respond to potential attempts to exploit investors during the recent market volatility, the Securities and Exchange Commission today suspended trading in the securities of 15 companies because of questionable trading and social media activity.
Traders probably got stuck with untradable shares in those companies and liquidated all their holdings to be safe. Drop had nothing to do with QTMM, IMO.
https://www.sec.gov/news/press-release/2021-35
Press Release
SEC Suspends Trading in Multiple Issuers Based on Social Media and Trading Activity
FOR IMMEDIATE RELEASE
2021-35
Washington D.C., Feb. 26, 2021 —
As part of its continuing effort to respond to potential attempts to exploit investors during the recent market volatility, the Securities and Exchange Commission today suspended trading in the securities of 15 companies because of questionable trading and social media activity.
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