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fabius

10/12/16 1:59 PM

#19144 RE: mopar44o #19140

Mopar, no cospiracy. Market maker is an institution which is registered with the Nasdaq in order to grant liquidity on a stock (more than one) during all trading sessions.
In order to do so will trade itself, partially intraday and partially multiday, resulting in net long or net short positions.
So MM is by nature capable to move or influence the price since it can decide where to put bid and ask and with which quantity.

My idea (nothing more than that, just a feeling) is that the MM is working hard to keep the price down in order to allow some interested buyer to get in at cheapest possible prices.
I'm hypothesising this because the price is much controlled considering the recent news and the huge volume compared to average in the past.
So in conclusion someone is accumulating, maybe with more than one vehicle, with the MM driving the price as he can.
Who is buying wants the control of the company, one way or the other.
JMHO