Well, I see we have got some sort of final staring match going on today, to see who blinks first. Even AUTO has dropped off both the bid and ask, which never happens. Fewer MMs on Level II than we have ever had, at least for many years.
And RMCI controlling bid/ask with a huge spread today. In the past, it was always other MMs controlling the bid/ask.
RMCI became a player in the last 2-3 months only.
And no I do not think this staring match we have going on today is primarily related to shorting of shares.........IMO. Shorting may be a part of the puzzle, but only a part.
I am guessing we have some major last minute plays related to the old funders and the new investors, which may include some shorting activity for a number of reasons, depending on who is the shorter(s).
I would say the tipping-point is near and again, no I do not mean a sky-is-falling scenario.
All JMO. GLAL.