My theory is this: Let's say I am an MM, but I have at least 2x trading accounts in front of me. I own 50K shares in each account. I trade back and forth between those 2x accounts. By the end of the day I would have the same amount of shares, but I would have worked the PPs in the direction I desired. Also catching regular shareholders in the process.
The reason it looks like large blocks of buying/selling is that the trades are synchronized within less than a half a minute. I have watched this stock trade from .10, even made money playing there game, until I stayed in for the 1Q2016. I have watched the L2's L3's and the live stream. The MM's have many tactics I have noticed. But if there is a run there is not much they can do until the dust settles.
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