In fact as a good citizen perhaps you would like to inform the proper authorities so that they could bring charges against these criminals. Be sure to let us know how they respond to you.
Neither fact nor performance drive the market, people do.
If you would have said that black-boxes and trading machines are influencing the market momentum, but not the general direction of the stock over a longer period, I would have followed you.
This statement is absurd unless it is a philosophical statement that places 'people' at basis of facts and performances in which case you are correct. However, I am under the impression that you imply that stock, Peregrine's stock in this case, is driven by people apart from the underlying Peregrine related facts or performances.
So if Apple announces tomorrow that it must stop manufacturing the iPhone because it infringes a patent and they cant' come to a financial agreement with the patent holder, then you think it would be possible that 'people' can keep the stock from going down? Well, sufficient people, with sufficient deep pockets may but it it is hardly thinkable such an amount of counter news volume can be raised.
You will not hear me say that PPHM's pps manipulation is impossible in calm, no news, etc periods but when it attracts the real market volume, 'on event', what you say is incorrect. You may have such impression because in many occasions the effect of the news is already included in the pps at the moment of the public announcement because of leaks and correct, apparently, in the wrong direction.
We all remember how AF knew upfront about PPHM's pre-Sept 7th decision to not present in Vienna. Well, if that kind of news is known before it is made public officially then other news will too. Hence the pps may drop on good news because it was inflated before the news. The difference is still the increase or decrease in the overall news type direction but less pronounceated.
I think everyone will agree that the pps of PPHM isn't inflated at the moment, is it!