What I don't understand is why no one is questioning how such a stable stock could close at $6.78 on Friday, July 7th, drop to $6.40 on Monday the 10th and close at $5.90 on the 11th hitting a low of $5.75 ($1.03 below July 7 close) and then jump back to $6.68 on Wednesday the 12th. Clearly there was manipulation in the movement as a greater than 10% drop in 2 days makes no sense whatsoever. And today the dividend is declared. Clearly someone made money on these moves and a lot of investors panicked and lost a ton selling in fear of further drops. Is this machine trading gone mad? I can normally find a logical explanation in pricing swings but certainly not in this case. Would be interested in hearing other theories or rationale
from what i could tell based on what i see and read there was a concentrated short going on all based on the vicious rumor the dist was being halted .