EOD painting can be a matter of two things...buyers buying at the ask at all costs (either to anxiously get in or to paint the tape), or sellers withdrawing their offers because they feel the price maybe going higher and can get a better price for their sale. Or a combination of both.
Regardless of the volume, the follow-through of the past couple of days renders any complaint/observation of EOD painting meaningless. The 500k ($30,000) and 315k ($18,900) blocks bought today above .06 certainly weren't concerned with whether the price was painted from .056 to 058 the day before.
Stocks get painted up. Stocks get painted down. Whether shareholders in a blog cheer that fleeting event or blame the evil market makers is just white noise in the grand scheme of things. Eventually the price gets to where the market is most active and representative of the current state of affairs.
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