Investor10X wrote:I've noticed that ever since Virtu Financial showed up and began trading DM stock many months ago, DM stock has been on a slide. Virtu Financial has been investigated in the past for their trading activities. They are a company from New York City and the Virtu ITG is their Investment Technology Group. They provide "market making" services. You can see this in action with their low volume shares (i.e. 4 shares, 250 shares, 1 share etc...) being traded back and forth to themselves. It's often done to stabilize a stock in a price range. I wonder if they have been working in conjunction with Anonymous or Morgan Stanley or some other group to purchase shares as you have to go back two years to be at these lows and the company has grown far beyond where they were two years ago.
Most investors are extremely bullish on this stock, so it's unlikely long-term retail investors would be selling, as they'd be selling at a loss and it can be too hard to predict a turn around in this market. It's not like there are many other stocks in this current market environment to move your money to that have the same potential as DM once market conditions turn around. However, regardless of market conditions, individual stocks can run if institutions want them to run.
Over the past two quarters or so DM has had over 30 news releases continually updating shareholders on the progress of this stock in their three verticals (i.e. cybersecurity, telehealth and EVs) which are often viewed by many analysts as the next big investment opportunites. Anything AI will also be a hot sector to be invested in. The average retail investor won't know anything about this stock until it moves upwards. The only retail investors that have any clue about this company are those that are currently here. And beside, retail investors don't initially move stocks, the insitutions do. Once a sector becomes hot than retail investors from all over start piling money in. Smart money is making it's way into the stock now. At this current price, I'll just keep buying, If it goes lower, I'll buy more.
And this idea that a stock with 400 million shares outstanding can't move is laughable. Comments like that are obvioulsy coming from people who have not been investing very long or have never invested in stocks with shares double, triple or quardruple DM's share amounts. 400 million is not that much for how much this company has grown and what they have added for potential future revenue. Take a look other small caps like DML or WM's share structure, they have no issues moving up or down and they are twice the number of shares.
Thanks for digging this up. I always thought something like this was going on. I have noticed with my other stocks that once anon gets active in them they follow the same path as DM has. Straight down. It is nice to have a name of the US company as a possible reason for our SP woes. Hopefully some one at DM follows up on this if they didnt know alrerady.