Most of the flippers are now gone. They moved onto another stock - as a group. There are still a few. What is worse is one or more people are shorting the stock and have been for quite a while.
How do I know that someone is shorting? When someone buys at the ask, a sequential trade generally goes off immediately after for 10k shares at a slightly lower price. This gives the illusion that the latest trade is always red. Near the end of the day, the bid disappears and the ask is dropped ever so slightly below the open with enough shares that we close red. Why is this done? As long as the stock is lower than their sell price, shorters never need to buy back. If the stock were to close up by 10% 3 days in a row, the shorters would be in a world of hurt and be forced to cover at an even higher price.
As for Marco allowing the price to fall... I hope he says nothing at all until he has some really good news. Maybe have 2 or 3 really good pieces of news ready to go. Then he should wait til the stock dips down and then let the news fly. The stock will rise hugely (hugely is a word) and then as shorters jump back in to recover some of their loss, PR the next big piece of news - even if it is the same day.
The only reason to PR a slightly better than average event is for people to flip. Instead, we need to know substantial improvements such as a net profit on the next Q, we need to know that we got audited financials, we need to know about the merger happening, we need to know that we got a dispensary, we need to know that the first shipment of automatic dispensaries was made, we even need to know that the net profit of Duck Diner is 30%.... Save up 2 or 3 Marco. Those who are really long can wait a few weeks.
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