If it was short covering we would be moving higher.
Not so. Shorts are covering but this isn't retail short-sellers. A very organized short covering event is being witnessed with NW Bio and had been happening for the better part of a month. Anyone with any sort of experience with watching MMs wash trade for "others" to cover can observe this. I watched it with Anavex on the run to $30+, and DVN on the run from $24 to $70 and I am watching it now with NW Bio. Go try and buy anything of size, you cant. MMs sat on a 45k order I had in today @ .6845. Never got filled. This is the 5th trading day in a row I put up a large buy order and had the MMs sit on it. Tells me everything I need to know.
Maverick a sincere question. If you really believe that management is intentional in “playing with retail” and “hiding,” what is your theory about the reason they are doing so? Surely you have one?