It's a bet that this management team does not know what they are doing which has been a very accurate strategy for 15+ years. Hopefully the blind squirrel eventually finds the nut tho
Viking no I disagree. I think the MM are setting up for the next trading range trying to win the next cycle battle to make the war less costly……in other words short term long position is being positioned- I’m speculating and this strategy cannot be ruled out especially since it’s very likely the smart play.
Vikinginvest, perhaps the current frantic activity of the shorts does not coincidentally coincide with next week's expected 10-Q that may show substantial earnings from a significant addition of authorized shares and perhaps also a substantial income from the compassionate program. I am not excluding that those two vehicles earned 5-10 M$ during Q2 and it would be advantageous for the shorts to have the SP as low as possible when that news is revealed.