and i just want to comment that this is *imo* totally reflective of what i call the CONTROL of the stock of a newly issued publicly trading co.
i'm watching this play out right now on HHWW
perfect example .. totally legit co. that came public via a r/m and first started trading in nov 2010 .. the float is approx 30M shares and for the entire month of NOV .. the shares traded by approx 27 MMs' (of which only 3 actually matter) was 23,184,381 shares
then some *entity* (citron) issued a report on 12/10/2010
and something rather *telling* came to pass .. that day and the following monday .. HHWW would trade over 28M shares in just 2 days ..
now remember .. TA isn't gagged .. on tuesday (after i'd called corp counsel and confirmed that not one co. insider had sold a share .. indeed the reality is mgmt canceled approx 30M shares when the r/m was done) the SS info was emailed to me .. showing that essentially in 2 days .. almost the *ENTIRE* float was traded
the system sux .. it aids and abets those who destroy legit co.s
and it's beyond time for CHANGE .. no more commentary .. NOW