RE:RE:RE:What a Manipulation Attempt!The other dynamic I can see the shorts trying to exploit is that tonight is the last Presidential debate. Typically, at this point in an election year things are very volitile and that has been relatively absent. Also how shorts have used COVID to beat down stocks has people wary of such manipulations.
Tonight represents the last possible chance for DT to possibly make the US election anything less than a complete failure for the GOP on every level.
Why would this be relevant to a stock like DOC? The answer is just because it is vulnerable to having unpolished investors who would not understand the dangers of having stop loss positions in place or take them as a necessary part of their portfolio management. It is listed on the US side and has a presence in the US. There are a lot of newbie investors plunking away on their self directed accounts who do not know the wiley strategies of the short trader for parting them from their money...or they are playing the market short.
There are a lot of very deep pocketed investors who wait for moments like this to come on baord and drive the price back up when they see the right conditions. Then the shorts have to run for cover and actually drive the price even higher to cover their short positions to minimize their losses to whatever gains they made with their short contracts.
I agree it is interesting that they are actually having such limited success at driving the price down. All will cotinue upward for this stock as M&A is a great way to grow your company when most companies are stuggling to make money with just doing business.