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Re: MasterBidder post# 2864

Tuesday, 05/06/2014 12:31:12 PM

Tuesday, May 06, 2014 12:31:12 PM

Post# of 34628
MasterBidder: Many years ago, when I was with a major brokerage firm ( I'm with Scottrade now ) my broker had nothing but bad to say about this "Nite" firm and in his opinion they are well known for shorting stocks and running the stock up, down, up, down, shorting, buying, shorting again, buying again etc. and if they make just a little on each trade it all adds up to some serious bucks! I believe that this Nite firm concentrates on the low priced stocks. Over many years I have also seen companies with a large amount of "Naked Shorted Shares" and for the life of me I don't know why the SEC doesn't do something about this like suspending for a period of time and giving fines to brokerage firms that knowingly do this! Sincerely, Senior Chief
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