Silliness! This happened last time. Remember? PUMA was hammering us and then pushed us down one last time with volume -- and then from that point on PUMA was just someone routing small positions to shake loose shares.
Maybe the frenzied selling by CANT was already done on Thursday, and so folks selling on Friday and today were just getting shaken out by the combination of Ed Sylvan keeping us in the dark and someone exploiting Sylvan's choices to manipulate shares loose.
If the past is a good guide, someone will continue to use CANT to try to scare loose shares. Why? Because Ed allows that by keeping the share structure secret. And even if CANT disappears entirely, it will take a while before buyers are bold enough to hit asks up at 005, 006, etc.
But this is GREAT news. Green is GOOD! And if Ed could ever decide that we deserve to know the share structure, maybe it wouldn't need to ever happen again. I feel sorry for the folks -- clearly IMHO small retail players -- who dumped on Friday and Monday. But Ed apparently thinks that letting the manipulator shake them loose at large losses is okay. Heck, they only invested in Ed's dream. What do they matter?
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