Most of the bozos who get caught up in the sub-50 cent pennies don't have deep pockets and are obviously NOT candidates for contra positions to naked short selling. But if I catch a rumor that someone out there wants to dump a pile of money into one of these cesspools, I won't hesitate to try to get them a better deal than what they'll get on the open market in order to sit contra to my naked short.
I'd really like to know who takes the other side of these trades. Not that I think you'll say - but maybe if they renege on something or I send you a case of vodka?
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