How many people here have buy orders in place under .70 ?
What are the MM`s to do, put an ask of .85 on the stock when all the bids are lined up in the sixties. They are trying to move shares. I agree the price gets manipulated to their advantage when they have buyers and need to accumulate shares or when they are trying to increase the spread on their transactions.
I thought everyone was long here? Why aren`t people putting their bids to by additional shares in at the ask? I thought the positive future was all in place? What do you suppose would happen to the share price if all current buy orders were changed to .76 (the ask) in the morning?