Again, thanks for sharing the same article over an
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Posted On: 06/28/2017 2:51:09 AM
Again, thanks for sharing the same article over and over again. Unfortunately it doesn't answer my question and at this point, I know you have no answer for it.
Since you think 62% of yesterday's volume were wash trades, why not say "62% of today's volume was wash trades" instead? Wash trading and naked shorting are totally different. Here's a definition of wash trading.
"Wash trading refers to buying shares through one broker and selling the shares through another broker. Wash trading is not legal, as it is performed to manipulate the market and encourage other investors to move into a buying position. A quick turnaround of positions is not considered wash trading, provided the transaction creates market risk for the trader and alters his market position."
http://www.investopedia.com/terms/w/washtradi...z4lHF0gSC8
You are an expert in naked shorting so I don't need to show you its definition.
Since you think 62% of yesterday's volume were wash trades, why not say "62% of today's volume was wash trades" instead? Wash trading and naked shorting are totally different. Here's a definition of wash trading.
"Wash trading refers to buying shares through one broker and selling the shares through another broker. Wash trading is not legal, as it is performed to manipulate the market and encourage other investors to move into a buying position. A quick turnaround of positions is not considered wash trading, provided the transaction creates market risk for the trader and alters his market position."
http://www.investopedia.com/terms/w/washtradi...z4lHF0gSC8
You are an expert in naked shorting so I don't need to show you its definition.
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