MM's are not as oblivious to their surroundings. Some if not most of the MM's rely on informers, informants to help guide them into their decision making.
Every company that trades publicly are obliged to work with MM's in order to create a "fair" market... and let them know anything that could be materially changing and any news... so it doesn't surprise me on these walk downs because it tells me that the MM's need to cover now before all heck breaks loose and they lose control... so they do it slow and sure to keep order in the market.
Sometimes it doesn't work out as planned and news comes late and they have to scramble.
In this case they are taking their time but things are heating up and walk downs more frequent.
Remember when WMI first declared BK? Now what was the reason for the stock to drop that many points? MM's induced the drop and controlled the market. Obviously.
Same effect on the cover, except they have more control.
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