Post by
allibabba on Dec 16, 2020 11:29am
Manipulation
Well folks, the big guys can manipulate a stock price down quite easily with brute force. However, all those shares sold short eventually have to be covered. If nobody sells down low then the shorts have no choice but to cover or continue to short more shares in hopes to scare enough people out of their shares. Looks to me like the shorts have managed to depress the price but there is no selling at all and they are not able to cover at current share price. Eventually the game comes to an end! I think we're almost there.
Comment by
allibabba on Dec 16, 2020 12:10pm
The manipulators are on both sides of the bid. They have shares on the ask to prevent the share price from rising should any buying come in and they are on the ask hoping to scoop up some shares to cover. Not trying to do play by play here but just putting it out there for some that might be on the fence about selling and not aware of these manipulators. Hold and be rewarded IMO