Viva Entertainment Group Inc (OTTV)

[Thor Von Thorson]

MMs can't short with your shares unless you were brilliant enough to buy your lot on margin.

When you use a margin account to buy stock, you're essentially being loaned the money to do so. As such, those shares aren't quite technically yours yet, which is why they are fair game to use for shorting. In this case, putting a high GTC sell order in will prevent your shares from being used in the short games. Again, this is only a viable scenario if you bought your shares on margin.

So, as long as you are using a cash account, which is really the only way you'd ever want to go long on a pinky, you can rest assured that your shares are NOT being manipulated by devious MMs to hurt the PPS.

So don't worry about GTC orders or any nonsense like that. Unless of course you are realizing while you read this that you DID actually use margin to go long here...
But if that's the case, I think the past two weeks of bleeding here would have already opened your eyes to this blunder (hopefully!).

Anyway, hope this helps clear up the GTC/Shorting myth for you all. I'm completely comfortable with having 0 GTC orders set on my appx 3.5 million shares of $OTTV and you should too, notwithstanding everything I just said about margin trading.

This is my one post here for the day. Have a great day everyone!

Let the show begin!!!!!