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Thursday, 04/03/2014 10:42:08 PM

Thursday, April 03, 2014 10:42:08 PM

Post# of 59584
M&M's are naked shorting this stock. They are filling ask hits at the bid. I know this because I read it on this board and it happened to me twice also. I think what is happening is the M&M's got caught with their pants down when this thing started running from .002.

When hard up volume comes into a basing or quiet stock, M&M's cannot find enough sellers to satisfy demand. If they themselves do not have long share inventories, then in order to fill long side demand,
they must create shares out of thin air. This practice is completely legal for a M&M. That said, they must then figure out how to replace or cover those shares at a later date. So, they can and do some times naked short some more causing sellers or weak hands to join the selling causing longs to remove their bid support. This causes drops like we had today on much lighter volume than the heavier volume that pushed the stock higher earlier in the day.

Because of this manipulation, M&M's can now cover their naked short positions before the stock starts moving up on higher volume again. SEC rules mandate they cover naked short positions. We also know the stock is being flipped a lot adding to the volatility. Eventually, this stock will move up, it has a beautiful chart.