Pharoah, they work for either NITE or CSTI or both
Post# of 16816
Posted On: 10/14/2012 3:09:10 AM
Pharoah, they work for either NITE or CSTI or both. Those MMs are short likely over 300m shares. They are trying to create panic because they need shares to cover before the folks coming in buy up everything in the trading float. There will always be buyers and sellers, but with more folks wanting to hold then flip, it makes the job much harder for MMs particularly ones like NITE and CSTI who have been short BCAP for a long time.
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