Monday, June 03, 2019 5:50:25 PM
If we had recently experienced a 1000% gain then I could feasibly see how someone might have opened up a short position.
But the thing has been trading sideways for over a month. No one in their right mind is going to open up a short position on this stock in its current state.
E*Trade is a big company. They have some kind of algorithm that flagged this stock for suspicious trading for whatever reason and its online buying was halted.
No one knows exactly why and this tiny little penny stock in a sea of other OTC securities is not that important for anyone at E*Trade to even care. This is why nothing has been done.
It's more likely that the fact this is a small OTC stock is the reason why no one there cares to dig into why trading was halted. It doesn't matter to them. That makes a lot more sense than some boiler room back alley conspiracy where they're shorting this stock that trades for a literal penny.
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