what the f*ck
I get home, look at the low for the day and its .0001 - I look at Time & Sales and it shows a bunch sold @ .0001
Not to mention the fact that there were about 15 mms on the bid all day.
These trades were either erroneous, or between MM. No one in their right mind wound sell those shares @ .0001 - You could probably sell 5x that amount at MARKET and that .0003 wall of MMs would still stay pretty strong.
So, those trades were either a mistake, transacted outside the market, or between market makers. My bet is they were MMs trying to shake shares, from people who do not have L2, just trying to make it look like the stock was crashing - this would also explain all those sells @ .0003
I find it interesting that today is the dividend record today, there were the more MMs on the bid than I've ever seen, and we see a boatload of shares go across @ .0001
HMMMMMMMMMM...
