For over the past week there has been extreme stock price movements in bankrupt and near bankrupt companies. Shares that most likely will be worthless and cancelled under Ch.11 reorganization plans, soared on very high volume. What happened to the "efficient market" theory? The market was anything but orderly. Some wonder if this was just irrational retail investor trading or was there actual market manipulation.
Short Squeeze
Of course prices are set by buyers and sellers. That is the problem. There is almost an unlimited amount of potential cash and buyers, but the amount of