That is not quite what is going on, but you believe what you want.
The MM are also unloading shares after buying a bunch at MUCH lower prices. So while the MM may be driving the stock down now, they also help to drive the stock higher on moves up. The MM like increased volatility in ALL directions, as they only make money when the stock moves.
All that’s left in my MJ plays are tanking this last week or so. The election momentum is long gone. Everything should continue to slip lower at least until this covid bill is off the table. I don’t see this sector running much again until mid summer. It’s time for the real companies to put up or shut up. Solid numbers will be the only way this moves upward in the near future.
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