Actually, what seems to be "happening all the time"--recently, last few weeks, is it looks like the MM is pulling the stop losses later in the day as opposed to first thing in the morning...that's the pattern I've been seeing. Yesterdays closing dump seems more indicative of a relatively large retail investor cashing out in one lump for reasons only they know.
Would not surprise me if some selling was due to some getting margin calls on other stocks given the market's recent plunge. Usually the first thing people do to cover a margin call is sell their speculative/otc stocks (unless they fell out of favor of what caused the margin call in the first place).
Back in my "daytrading" days, I'd see the same pattern of sudden drops when someone would exercise their options, but we don't have options, and usually such spike-drops would only last a minute at most before resuming at the price before the exercise.
Whatever it was, I very much doubt the theory it was Epic trying to cover the milestone. Nickels and dimes to cover 5m (some have said two payments of 7.5m, my understanding was 3 pays of 5m--unsure on this point). The big seller to stop us just short of 1.00 last time was LPC, who sold it down to .60.
My God the stress, down two pennies, up a penny, whoa...kicks in the 'ol back problems. Time for Uncle Maz to pop an opioid and stop caring till market close. Paid Walgreens a tad extra for bubble-gum flavoring...maybe I should get a patent and open a clinic in Florida...GLTA--
Zam
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