Yes i look at the intraday candles but it still doesn't answer the question to me...
Why? Last year would have been a major sell catalyst when they fired simon village and did it swiftly and silently ..that i can see as a reason to drop 30% or Gold in general going from 1900 to 1200 okay yes kinda if your all in cost are above 1200 which even last year Banro's never was... you could bring up the payments due each month since january of this year but they got their new financing in order and thats done also so...other than that there is nothing that justifies a stock losing 90% of its value and staying there in Banros case there is just absolutely nothing...except if you are a large buyer and can use it to your advantage and its obvious this has been going on for months.
This is what it looks like all day. This is a an image like I sent to Naomi. All day, there are minutes with 100 share sells over and over, minute after minute. This is not done in the normal course of trading. HFTs that are looking to make a tick on flips do one thing these people aren't...they also BUY!!!
I believe this is being done to try and break the bid down to 20 cents where there is a 1,000,000 share bid. That would cover the 900,000+ shorted shares and they would make at worst a 2 bagger on their short or maybe a 3 bagger if they shorted around .60. Then they could buy all the way up.
Shorting a stock is fine. But selling like this, drip, drip, drip every minute is not. This isn't even HFT trading. This is straight manipulation.
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