Two stocks off the top of my head which stick out right away. Neither were very good companies, and likely they would have gone bust anyway. But it was obvious at the time, CDEL being the leading MM on the L2, that the stock was manipulated and forced ever downward. I lost $ on both because I was new and didn't understand anything about any of this at the time. :(
1 is now very much dead and gone, 0 bids. Again, the company was absolute shit, the stock traded on sentiment only.
The other is held in a no-volume channel, with CDEL still holding bid/asks just outside current trading range, in an effort to remain in control should they desire. Meaning no matter what happens, you aren't buying on bid for lower than XX, and the stock no matter how well it does, won't clear the ask price XX unless they pull down the wall. They are just not actively manipulating it anymore because there is simply no volume (less than 50K shares a day now). It's a set it and forget it thing right now on that stock.
$WDRP is a real company, and I would expect that at a point the math or stars will line up in our favor. Either the moving averages, the float, volume, sentiment in general... a catalyst of some sort will eventually break this stock from their grasp. It is after all, a real company with real product and good DD history, no bullshit PR scams, no dilution, and that makes it very solid imho.
But... as it sits today, and has since the 70Mil spike, CDEL is our top L2 MM. This is generally recognized as a bad thing, certainly undesirable if you are not trying to play a channel, but actually holding long term investments.
Again, just my opinion. I'm not some expert, just some normal guy behind a desk. Do your own research, check the lawsuits against CDEL over the years. Read the sentiment from others regarding their practices, start watching the L2 and see where they are playing, and you'll see for yourself eventually.
Here I don't think it's much to worry about, it's just frustrating because it delays the natural evolution and growth of the stock.
