$Mobiv Acquisition Corp(MOBV.US)$sorry but i definitely don't understand the pirce action of this ticker...I got to sold because of the huge drop and now is positive?
Mcsnacks H Tupack :
Because a stock with low volume is affected by short sellers more. The way a short seller will cover is by buying a 1000 shares at the available prices and so this drives it up for example a $1.00. They then sell 900 of those shares which drives the price down .90c. Then they buy another 1000 shares and that drives it up a $1.10. They then sell 900 of those and drive the price down a $1.00. See each time they hold back a 100 and collect them. This is why support and resistance are important to know and watch.