They don't want to cover because they will lose millions. The minute they stopped naked shorting the price would start going up and if they had to buy back the non existent shares they have sold it would be a rocket. Years ago I watched a stock go from less than .40 to over $300.00 per share before it was shorted back down. No question abusive naked shorting is criminal and that is what is going on here. I found it difficult to believe our government would allow this to go on and was sure they would put a stop to it once they knew. Sadly that is not the case, they do know and are allowing it. Europe has put a stop to it and if you remember during the financial crisis the government would not allow the banks/ brokerage firms/ etc. to be shorted but that was a temporary measure. Patrick Byrne of Overstock is bring Goldman Sachs and Merrill Lynch to trial for the manipulation of Overstock stock and that case will expose naked shorting for all to see. Once Americans see the dirty tricks and criminal acts these firms will pull I expect the outrage to force regulators to step in and put a stop to it once and for all. That will cause a true reversal of fortune as those who have stolen trillions from small investors will by ponying up for their sins. The bashers are not doing this as charity work. for the pros bashing, this is their job. Hope that helps. Go NTEK!!!
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