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Wednesday, August 22, 2012 4:11:26 PM
How in the world does one small trade at .0015 (which was apparently a market sell order from someone who didn't realize how thin the bid was) show any of THAT?! Anyone who is "desperate for shares" certainly wouldn't think that selling $100 worth is going to solve his problem, particularly when there was no attempt to do anything to follow through. Selling a million or two shares would be a much more credible attempt to destabilize the price.
Also, please explain how anyone (even a market maker) can sell short on the bid.
[Someone please let me know by PM if Alex responds to this post with anything of substance, because I have him on Ignore.]
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