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learningcurve2020

04/13/24 1:48 PM

#684988 RE: User-840664 #684987

Me too but I've seen it before. Wish I knew for sure how it's done. It doesn't feel like enough retail holding strong to warrant the market cap.

My best guess is some "arrangement" with mm's whereby they park a large inventory* then flip the stock back and forth at non profitable spreads until enough retail are slowly accumulated in the mix for the ultimate rug pull. Under that scenario I could imagine how some kind of spoofing bait aimed at day traders might be helpful in at least bringing in some profit while they wait. Constant seesaw shorting could accumulate quite a bit too. But what a wait this has been.

*One question is do the mm's actually own the stock or are they parking it for some other entity??