Quote:
Originally Posted by eDave
Can someone please explain this nonsense?!? from r/amcstock
"HF are using computers to sell at $14 and buy the same amount of stock if not more at lower prices and are just rinse and repeating constantly, which is why we can’t break past $14. In other words it is just straight up market manipulation." |
If they keep putting unlimited amounts of stock for sale @$14, it's gonna be hard to break through.
They offer 50 million shares at $14 and offer to buy at $13.97, they can control price for a short term.