Marygold Companies Inc (MGLD)

[hometownJOE]

Don't even want to guess. Whoever it is, they either gave up or simply upset.

Hit the bid hard and with enough volume, any support at these level will be gone in a few days (if no one step in to buy). Market Makers are not in the business to lose money. They will keep the Ask up and simultaneously drop the bid way down to minimize their risk exposure.

BTW, this is true for any penny stock. MM is in the business to make money by providing markets. Some will take on larger positions when no buyers are around. In today's markets, most firms will not commit too much risk capital.