Thank you for that post because perhaps now you will understand the enormity of the problem and why you and all investors need to demand an end to abusive naked shorting which is criminal. Market makers and brokerage firms are filling buyers orders without regard as to whether shares are available to be borrowed or sold from inventory. Reg SHO in the dark of night without discussion had a grandfather clause added to protect the guilty and supposedly prevent a meltdown of our markets. Our regulators should have been tarred and feathered for doing that and for allowing it to continue all these years knowing full well the consequences. A small forward step was made by regulators when they went to T+2 however it is a fact that T+0 is the answer and thanks to Patrick Byrne that is the future. Digital trading where every share is accounted for at all times is long overdue.
Now as to your list I do not own any of the Z companies and it requires several hours of research to determine if any of them are being abusively naked shorted like IPIX has been and is now. Yesterday's trading was yet another great example of their handiwork. Investors were not selling and I would bet neirther Aspire nor Arruda were either. Yet buy order after buy order was filled with the price hardly moving and closing down for the day.
In spite of great news abusive naked shorting which is criminal ruled the day. Would you please make the time to write to your Congresscritters demanding an end to naked shorting? The rusty wheel gets the grease. Thank you. Go IPIX!!!
(I would hope you know by now that IPIX is far from the only company being attacked)
Now as to your list I do not own any of the Z companies and it requires several hours of research to determine if any of them are being abusively naked shorted like IPIX has been and is now. Yesterday's trading was yet another great example of their handiwork. Investors were not selling and I would bet neirther Aspire nor Arruda were either. Yet buy order after buy order was filled with the price hardly moving and closing down for the day.
In spite of great news abusive naked shorting which is criminal ruled the day. Would you please make the time to write to your Congresscritters demanding an end to naked shorting? The rusty wheel gets the grease. Thank you. Go IPIX!!!
(I would hope you know by now that IPIX is far from the only company being attacked)
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