He tried to make it seem like there are no BCAP investors. Just MM loading up to flip, which is somewhat true. However, just because MM's do the trading doesn't mean there isn't an investor/broker requesting a certain trade. How else do BCAP investors like myself and others get 2's? I never had to pay for 3's even though the bid/sell is 2x3. He doesn't take into consideration that BCAP investors exist and that not all are waiting for a run and accumulate shares patiently during slow times like now.
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