MCO price is down by 20% in the past 24 hours but that's not the story to focus on. Liquidity has gone down by over 10X. I bought over 50K MCO in roughly a 75 cent spread from $8.50 to $9.25 or so two days ago. Right now buying out the same 75 cent spread from $8.00 to $8.75 at Bittrex will only get you 5K MCO. The price may be dropping but there's a hell of a lot more hodling going on.
I Agree. I think people just need to buy and take it off the market. Meaning not placing sell orders after buying.
This would drive the price up because there would be less available to buy which would squeeze out shorts.
If everyone did it at the same time the price would pop.