I watched L2 Friday. Something much larger is going on. As I said, I thought at first it was a dilution issue, then two MM's boxed the Bid/Ask for as long as they could ('yes surprisingly it looked like were trying to keep the price under control and stable). In the afternoon the Bid started to get cut by 2 cent pops. At one point a double hit of a 100 order kicked the price down by 5 cents in seconds. Either stop losses were triggered or people were buying large on the Bid into the discounted price. But then bam, another under bid stopped the momentum. No I don't spend my days gazing into L2 but look I been on a run of bad luck, so taking a week or so off from short term business.
This Sandy guy on ST was called out shorting at 5.01. He says he covered. Who knows, like others I am still curious how he got the article and his info like that? There is a guy out there that teaches(which I don't blame) to read filings and question things out of order. What I also know about HIM is a group runs with him. Mr S may not have a position long to short but that never rules out interest in the price of the stock.
Why are "they" after SLTD? There is so much garbage out there to warn investors? Like everyone I did my DD. I know what I am into, and I am not concerned about short term pricing. Not many novices are chasing this stock?
I do wish to say mostly everyone on both sides have been productive over the weekend and appreciate the conversations.
