Posted On: 01/15/2014 1:16:32 PM
Post# of 36729
Re: AmericanSavage #17855
It's manipulation in order to cover imo. It's likely a monster size of naked shares (shares taken from thin air) were sold during the run up to 0.0327.
This from a serious traders forum discussing market maker deception and manipulation and naked shorting.
http://investorshangout.com/post/1168362/Inte...FINRA-Rule
"'Whales' want to buy size but a crooked MM sitting on a monstrous naked short position with the fear that XXX just might 'have the goods' does not want to sell size. He (crooked MM) just wants to fraudulently induce selling and dissuade buying."
"As you can well imagine, a crime as obvious as selling nonexistent shares all day long while pretending to be 'injecting liquidity' needs to be done in an environment with no transparency. "
This from a serious traders forum discussing market maker deception and manipulation and naked shorting.
http://investorshangout.com/post/1168362/Inte...FINRA-Rule
"'Whales' want to buy size but a crooked MM sitting on a monstrous naked short position with the fear that XXX just might 'have the goods' does not want to sell size. He (crooked MM) just wants to fraudulently induce selling and dissuade buying."
"As you can well imagine, a crime as obvious as selling nonexistent shares all day long while pretending to be 'injecting liquidity' needs to be done in an environment with no transparency. "
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