Mar. 12 at 2:50 PM
$TANH MMs got slapped pretty hard yesterday by the mysterious whale that drove this up 35%. Now you see the familiar wash-trading to walk it down and shake you out. If you play around and test-slap those walls you'll see the walls jump back up 3-4 cents quickly.
The whale is not in the biz of buying high and selling low. MMs are doing what they have to do. If they can shake out enough shares, they win; if they get slapped by dip buyers or perhaps return of the whale - and buyers don't sell those shares cheap, MMs, along with retail shorts doing the same, can and will get squeezed. This kind of manipulation is the daily biz. GL playing.
