For those of you that are new to the market, this is manipulation at its best. MMs can sell as many shares as they want, it doesnt matter what the O/S or float is. They have the ability to continue selling and they will.
Today was a perfect example. How can there be 200k shares at the ask, then a DT for no reason? This can only happen because the MMs feel it's in their power to do whatever necessary to control/manipulate the market.
This is why it's important to realize these types of manipulations in the market so you dont get discouraged and sell. This is exactly what they want because they need your shares. They cant cover their shorts with imaginary shares, so they continue to lower the ask/bid until they get sellers.
Dont fall for it, team Monk is runnin' the show. None of us will be selling, we will continue to add on weakness due to manipulation and/or bid-whacks. Hold strong, we all are!
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