Why do you think we have so many penny stocks on the Nasdaq now? Because the industry has short programs on them. They are looking to make money from burying them.
I don't get upset when they get squeezed and have to cover and that cost them $.
In some ways they deserve it.
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They pay people to pump them.. And when the pump is gone they short it to death and take whatever money the stock made on the way up. Rinse and repeat
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