Watch level 2 and you'll see whenever a large bid is put in, moments later someone dumps into it....and when a large ask is put in, the bid whacking takes it down another .25-.50 cents. Bagholders here looking to get out without killing the price. When we were in the $12 and we breached $13...the bid whacking dropped it into the $11s. When in the $11s and we breached $12s, the bid whackers dropped it into the $10s. Pattern continues to play out as buyers disappear...as we watch the price erode by the hour.
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