RE: I think you have to go with your gut feeling24 Jul 2020 01:27
John - Possibility of MMs doing the shorting spiral.
Sharp rise made them borrow stock. They did not want to realise their loss at £2.40 vs 35p borrowed, so they start bashing SP every day, weeding out the weak, minimising their losses.
Since under the current regulations they are not required to report any shorts, regardless of their size, for all we know they could have shorted over 50% of the company on Monday and are now slowly making their way back.