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Re: shotsky post# 124384

Wednesday, 11/06/2019 10:32:46 AM

Wednesday, November 06, 2019 10:32:46 AM

Post# of 186029
Respectfully, there is an entire industry built up around penny trading, day trading and short selling. There are known, coordinated short seller groups that take down specific OTC issues every day. They are in cahoots with some brokerage houses and Market Makers. Smaller brokers such as Sure Traders, Interactive Brokers and SpeedTrader allow shorting penny stocks. Many shorters giggle whenever they read "you can't short penny stocks." Where there is a will, there is a way... and shady brokers always willing to take your money.

After much research, I have come to believe that MM's and brokers don't give 2 sh*ts about "locked up" shares, they borrow whatever shares they can find. This is a trading game... the only way they earn fees is by TRADING all day every day... and many will bend the rules and end up paying laughable fines when they get caught. It's all business as usual to them.
JMHO though. Govern yourselves accordingly, and go VERUS!