Its solely the MM's making a market in the stock. They are legally allowed to sell shares they don;t have, and can keep that up for up to 3 weeks, before they are required to fill. Its not moving up because the MM THINKS this is a baseline where they can make a few thousand bucks because there is not enough pressure on the ask. Thats why its all about the bids. Buy and Sell via bids and you will have a ore orderly market. PPP and NEGS know this.
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