giabull I have a sneaky suspicion that there are quite a few people out there with $1000 in their Ameritrade accounts who might just make such a trade.
On the other hand if the MMs are short, and quite frankly I wonder if they are, then they might print a 200 share trade at the ask and then drop the ask to say .28 to make it look like there are sellers.
But in this case it appears that there are ready buyers in the mid to low 20s so I am not sure how successful the MMs would be in getting cheaper shares at the bid. More likely they will give up and wait until buyers come in hot and heavy and then short into the buying to raise their average short selling price. Then when the buying dies down they can try to walk the price back down to cover.
I am dying to know where the 5mm shares came from that traded on the 15th. I'm just as anxious to see the reported number of shares short as of Sept 30. That data should be out soon.
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