/biz/ - Business & Finance

>>55230155
Checking this and asking for clarification:
The Heat lamp Theory was put forth as a possible explanation for anomalous Volume around previous earnings as a way to manipulate the DRS numbers. With the recent statement that only 600K Shares have been added to Computershares ledger since the last earnings this theory seems on the surface to have been disproven.
Yet the report referenced the ledger count of Computershare and the DTCC from June 4th (a sunday), during the week leading up to that date the volume was trading at historic lows.
Since monday the daily volume increased along with the stock price only to crash 20% in after hours before the report was even released.

Today the stock is trading at an absolutely ridiculous volume (14.45Million as time of writing, an almost 14 multiple compared to two weeks ago) only for the price to crab? Such a phenomenal increase in Volume would suggest that a lot of people are either buying or selling but since the price is staying within 25 cents since open this suggest that A LOT of people are selling and a similar LOT number of people are buying since if people were only selling the price would crash and if people were only selling it would moon.
Now what possible explanation would you suggest if this would happen to any other stock?
Imagine AAPL traded today over 10 times more than it did last week and the stock price stays stagnant. I cannot think of any investor behaviour that could explain such an event which leads me to believe todays chart especially is completely manufactured by algorithms.

But why? It comes back full circle, if the volume was used to suppress DRS numbers via plan shares it would make sense, but it cannot. The report referenced the DRS count from June 4th so why why why is todays volume so high only for the price to crab to nowhere?

Thanks for reading my stream of consciousness, have an ass for MOASS