ANI Pharmaceuticals (ANIP)

[rgshredder]

I watched the price fluctuate at opening. It dropped 25% on 16k shares in a minute or two. We closed the day breaking 1 million shares traded with an 18% drop over the next 7 hours. Trying to recall our run up to $60 last year, I don't remember volume reaching that point? But I do recall we were there for a brief moment before it was brought lower in days. I don't necessarily believe the ER warrants a 20% drop in total market value. I really hate how retail is constantly at the will of the market makers and betting against algorithms.
I suspect this was a reactionary event taking advantage of the news to grow or feed a short position.

-RG