work-n-hard
1 month ago
I hate to say it, but my read on the volume is, Brokers see before us that shares are coming up for sale, they spike he volume then take a short position, then cover with the new shares being dumped.
Spike to trip 3, cover at 1 or 2.
Of course no sane retail trader is going to do his, but these brokers have control and have virtually no risk, since they control the trading.
I would expect it to end up back at .0001 when the latest dumping is complete.
AJMO (Would love to be wrong for all those stuck.)