RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:TTD/MGNIWansfell wrote: The manipulation may not have been done by the MMs... but it was done by someone... and it worked very well until this morning.
I am very familiar with how MMs, broker-dealers, and hedge funds work. It may very well be a "sell wall" but it would be a pathetic one. We are talking about blocks of 5-10K holding the stock back. Back even a couple of weeks ago these would have been eaten really quickly in an accumulation phase.
My point being, demand at this price is relatively weak and whatever anyone is or isn't doing is irrelevant. If demand was stronger for the stock at these prices those blocks would not be nearly enough to hold the stock back.
Volume is low and bid/ask spreads are wide so it's easy to move the stock one way or another but at these prices you would have expected stronger demand.