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Alias Born | 02/11/2011 |
Thursday, February 26, 2015 4:53:36 PM
Sure, it's been a test on the patience of everyone who holds shares but selling now makes no sense. So, a Market Maker (maybe Hudson, maybe not) has several accounts. He sells from one (to himself) that shows sales to the others. Reasons to do this? 1) shake out nervous shares (free money) 2) Use the tax loss in one account where trader has gains and get a lower cost basis in another Account 3) keep volume up on an otherwise illiquid stock (attracts more investors).
This stock in in a holding pattern until a news event occurs. Watching the ups and downs will only pull at your heart strings... and they don't mean anything.
Susman continuing to file claims... that's great news! So, next step should be very good for longs.
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