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Alias Born 01/30/2024

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Monday, 10/28/2024 3:35:35 PM

Monday, October 28, 2024 3:35:35 PM

Post# of 9602
If you look into past weeks, there were usually a small sale at lower price, a few minutes before the market close. It looks to me that some people were manipulating the closing price of this stock. The reason is that if closing price is lower, short positions will not be "called" by brokerage firms.

On the contrary, if the closing price gets higher, short positions may get called by the brokers and they would have to cover it....

It's just my theory, but those "last minute cheap sales" of a few thousand shares do look strange to me.
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