4 ms·

After reading that article, what really blows me away is that the stock is down by only ~30%. I fully expected to see a penny stock by now. I wonder what short

• cascom 4y ago
  These trades become hard at this point, as the stock available for borrow becomes limited and expensive (all of the float is already short)+ the potential for a short squeeze increases (increased by the fact it can be manipulated by insiders)
  • lupire 4y ago
    But who is holding the stock and why? Or is there no volume and price is wash trading?
    • cascom 4y ago
      Well 60% is insiders and 5% is institutions, which means the other 35% are likely individuals that are in for a rude awakening when they open their brokerage statement (and were likely the victims of some form of pump and dump). Second you can’t get a borrow or it’s super expensive so there’s no marginal seller…until random retail investors or insiders bail… Who knows what the algos, market makers, and stock promoters are doing with the stock, but a bunch of wash sales