I've seen this same thing happen with other stocks
Post# of 153864
(Total Views: 544)
Posted On: 09/02/2021 12:06:48 PM
I've seen this same thing happen with other stocks that were attacked by a certain well-known tweet basher.
The simple answer to "why is the share price down?" is -- it is being deliberately suppressed by powerful forces who have a market maker doing "trades" for them, and short the stock, then buy it back for the same price or a tiny fraction less -- just to make it look like there is a lot of selling going on.
Does anyone think that 13D wants the share price up? No, it is very easy for connected people to do things like put in an "ask" of, say, 75k shares. Anyone looking at level 2 thinks "oh no, someone big is selling, they must know something." Then -- and this EXACT scenario happened on another stock, to a friend of mine -- when someone comes in and tries to buy at the ask, magically that huge supposed "ask" melts away, and the new "Ask" price is significantly higher.
People think that it is all conspiracy theory craziness to say this. I don't like conspiracy theories, but in the case of the stock market, it IS a crooked market, and people DO conspire to manipulate stocks.
Tell me -- If Joe Smalltrader puts in a trade for 100 shares, and a hedge fund trades millions of shares a month -- who do you think the brokers/market makers are going to help out?
And then naive small traders moan and wail, and say "What is the company doing wrong, to have such a low share price?"
It's not what the company is doing wrong, it's the crooks wronging the company.
The simple answer to "why is the share price down?" is -- it is being deliberately suppressed by powerful forces who have a market maker doing "trades" for them, and short the stock, then buy it back for the same price or a tiny fraction less -- just to make it look like there is a lot of selling going on.
Does anyone think that 13D wants the share price up? No, it is very easy for connected people to do things like put in an "ask" of, say, 75k shares. Anyone looking at level 2 thinks "oh no, someone big is selling, they must know something." Then -- and this EXACT scenario happened on another stock, to a friend of mine -- when someone comes in and tries to buy at the ask, magically that huge supposed "ask" melts away, and the new "Ask" price is significantly higher.
People think that it is all conspiracy theory craziness to say this. I don't like conspiracy theories, but in the case of the stock market, it IS a crooked market, and people DO conspire to manipulate stocks.
Tell me -- If Joe Smalltrader puts in a trade for 100 shares, and a hedge fund trades millions of shares a month -- who do you think the brokers/market makers are going to help out?
And then naive small traders moan and wail, and say "What is the company doing wrong, to have such a low share price?"
It's not what the company is doing wrong, it's the crooks wronging the company.
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