I agree, they are selling the stock before the T/A DWACS the stock over to the account, (not legal), but that is semantics. They are inherently selling stock.
On the bounce, it will only bounce when they stop selling for a minute. I'm not sure when that will happen. From what I am seeing today, they are going to keep the pressure on.
Somebody could get their pen and pencil out and figure out how much has already come out vs the notes.
What is crazy is there is nobody on the desk anymore who knows how to get a distribution out without tanking the stock price. Terrible terrible shame, and some of the posters here are correct, makes the US markets look like a total sham. This could have been done much different. There aren't any Market Makers anymore, Just order routers, and of course they trade (sell short) on their own account in front of the big sellers (again, not legal).
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