InvestorsHub Logo
Followers 238
Posts 6722
Boards Moderated 0
Alias Born 01/21/2017

Re: horst post# 116263

Wednesday, 09/11/2019 6:35:45 PM

Wednesday, September 11, 2019 6:35:45 PM

Post# of 186021
MM's can't short shares that are not in a margin account, or not up for sale at any price. But shares that are 'protected' by placing a sell order at, say $3 are playing right into their hands. MM's 'borrow' shares and 'replace' shares over and over. If you have shares for sale at any price, they are eligible to MM's. All they have to do is find shares to replace them with. When a market is sliding down, like it was today, those shares were easily available.
MM's don't have to pay your ridiculous sell price of, say, $3/share because they just replace the shares. No money changes hands.