No, I was able to watch the L2's and they were all cleaned out. The net effect when they showed up was a rapid run up in price. Then it stalled as they would only follow so far. Then it dropped back and within a short time, they were all gone causing an even sharper drop. It is unusual to see one MM with 1.3M shares up for everyone to see. Sadly, this stock at times acts more like a pinkie than the other stocks on this exchange. Consequence of that many shares, as it allows for easy shorting and poor accounting of who has what and when. I played SIRI for quite a while, and it is a shorters dream come true.
Shorters allow people like me to play the turns of the wheel. Without them I am afraid most trading would be about as exciting as folding underwear. However they really are a real gut grinder for anyone who believes in a company and wants them to succeed in the long term.
GLTA
I wrestled with reality for years, Doctor, and I'm happy to state, I finally won out over it. (Jimmy Stewart in "Harvey" 1950)
