There are a lot of people who are screaming "conspiracy" over the sudden drop in PPS on the 16th of Nov. While I cannot say exactly what happened, step by step, I do have an idea that may be right. Many are wondering how it could drop from .09 to an open of .055 (I think) and then drop further, quite fast. It's simple supply and demand. WS story came out, AFs did not, again. Many people unloaded shares right from the open. The market flooded with them, not many were buying, why would they, all bad news. MMs can buy into their accounts to make a market when there are no buyers. I think this is what they did. There were no buyers, so I think they moved the price down to try to attract some. They had to make sure they could sell later in the day. They also moved the price down so they didnt lose money buying the shares being dumped. Wouldn't be bright to pay .09 for a stock that all indications say is going to tank. So I think the drop was MMs making a market for a stock that had plenty of sellers and very few buyers. Not as evil as some would like to believe. Just my opinion....
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