Alan, Let's look at yesterday as basically all
Post# of 96891
(Total Views: 368)
Posted On: 03/28/2018 3:19:58 PM
Alan,
Let's look at yesterday as basically all of the volume was my purchase through Charles Schwab which resulted in 97% short sales. So if Charles Schwab is selling me these shares on the short, they are responsible for those huge short numbers yesterday. How much of this short attack is actually people trying to destroy NTEK and how much is just brokerage firms doing this type of business? I would assume large brokerage firms are not purposely seeking out to short these small companies correct? This also seems like a foolish risk by Schwab as they are making money hand over fist on transactions alone. Why risk potentially millions betting against penny stocks?
I know we are definitely under attack by a certain few but I wonder how much of these short attacks are just brokerage firms doing business this way. Any light you can shed on this would be greatly appreciated. Maybe there is no logical explanation and just your best guess is satisfactory.
Let's look at yesterday as basically all of the volume was my purchase through Charles Schwab which resulted in 97% short sales. So if Charles Schwab is selling me these shares on the short, they are responsible for those huge short numbers yesterday. How much of this short attack is actually people trying to destroy NTEK and how much is just brokerage firms doing this type of business? I would assume large brokerage firms are not purposely seeking out to short these small companies correct? This also seems like a foolish risk by Schwab as they are making money hand over fist on transactions alone. Why risk potentially millions betting against penny stocks?
I know we are definitely under attack by a certain few but I wonder how much of these short attacks are just brokerage firms doing business this way. Any light you can shed on this would be greatly appreciated. Maybe there is no logical explanation and just your best guess is satisfactory.
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